ValuEngine cut shares of LG Display (NYSE:LPL) from a strong-buy rating to a buy rating in a research note issued to investors on Friday.
Several other research firms have also recently weighed in on LPL. Zacks Investment Research cut shares of LG Display from a hold rating to a sell rating in a report on Wednesday, January 24th. Nomura reissued a neutral rating on shares of LG Display in a report on Thursday, October 19th. Cowen set a $16.00 price target on shares of LG Display and gave the company a buy rating in a report on Monday, October 23rd. CLSA raised shares of LG Display from an underperform rating to an outperform rating in a report on Tuesday, January 23rd. Finally, Morgan Stanley raised shares of LG Display from an underweight rating to an overweight rating in a report on Tuesday, January 23rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $15.50.
LG Display (NYSE:LPL) opened at $14.30 on Friday. The firm has a market cap of $10,233.57, a PE ratio of 4.37, a price-to-earnings-growth ratio of 0.83 and a beta of 0.62. The company has a quick ratio of 1.07, a current ratio of 1.40 and a debt-to-equity ratio of 0.27. LG Display has a fifty-two week low of $11.91 and a fifty-two week high of $17.05.
A number of institutional investors have recently added to or reduced their stakes in LPL. LMR Partners LLP bought a new position in LG Display in the 4th quarter valued at about $13,744,000. Assetmark Inc. bought a new position in shares of LG Display during the third quarter worth approximately $4,970,000. Aperio Group LLC increased its holdings in shares of LG Display by 20.0% during the third quarter. Aperio Group LLC now owns 887,040 shares of the electronics maker’s stock worth $11,904,000 after purchasing an additional 147,601 shares during the period. Highbridge Capital Management LLC bought a new position in shares of LG Display during the third quarter worth approximately $1,611,000. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of LG Display by 17.7% during the second quarter. Parametric Portfolio Associates LLC now owns 736,779 shares of the electronics maker’s stock worth $11,840,000 after purchasing an additional 110,776 shares during the period. 4.08% of the stock is currently owned by hedge funds and other institutional investors.
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About LG Display
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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