LG Display (NYSE:LPL) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of LG Display (NYSE:LPL) from a hold rating to a buy rating in a report published on Sunday morning.

LPL has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Zacks Research downgraded LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce”.

LG Display Stock Performance

Shares of LPL stock opened at $4.76 on Friday. The stock has a fifty day moving average price of $4.18 and a 200 day moving average price of $4.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. The stock has a market cap of $4.76 billion, a PE ratio of 25.03, a P/E/G ratio of 0.67 and a beta of 1.54. LG Display has a 1 year low of $2.43 and a 1 year high of $5.67.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.41). LG Display had a net margin of 0.98% and a return on equity of 3.26%. The firm had revenue of $5.06 billion during the quarter, compared to analysts’ expectations of $5 billion. Sell-side analysts forecast that LG Display will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

Several hedge funds have recently modified their holdings of LPL. Ausdal Financial Partners Inc. acquired a new position in shares of LG Display in the 4th quarter valued at $43,000. Savant Capital LLC purchased a new stake in LG Display during the third quarter valued at about $54,000. Creative Planning purchased a new stake in LG Display during the second quarter valued at about $39,000. Mercer Global Advisors Inc. ADV acquired a new stake in LG Display during the third quarter worth about $63,000. Finally, Cetera Investment Advisers purchased a new position in shares of LG Display in the 4th quarter worth about $52,000.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.