LG Display (NYSE:LPL) Upgraded to Overweight by Morgan Stanley

Morgan Stanley upgraded shares of LG Display (NYSE:LPL) from an equal weight rating to an overweight rating in a report issued on Monday morning, MarketBeat.com reports.

A number of other brokerages also recently issued reports on LPL. JPMorgan Chase & Co. raised shares of LG Display from a neutral rating to an overweight rating in a research report on Wednesday, July 10th. StockNews.com cut LG Display from a buy rating to a hold rating in a research report on Friday, August 23rd.

LG Display Stock Performance

LPL stock opened at $3.93 on Monday. The company has a market cap of $3.93 billion, a P/E ratio of -1.62 and a beta of 1.37. LG Display has a 1 year low of $3.45 and a 1 year high of $5.66. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. The stock’s fifty day moving average price is $4.13 and its 200-day moving average price is $4.01.

LG Display (NYSE:LPL) last released its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). The firm had revenue of $4.89 billion during the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. On average, equities analysts forecast that LG Display will post -0.74 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

A number of hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its position in shares of LG Display by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 2,363 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of LG Display during the 1st quarter valued at $32,000. EverSource Wealth Advisors LLC raised its position in shares of LG Display by 307.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 6,756 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 5,098 shares during the period. HB Wealth Management LLC bought a new stake in shares of LG Display during the 1st quarter valued at $46,000. Finally, Drive Wealth Management LLC bought a new stake in shares of LG Display during the 2nd quarter valued at $50,000.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.