Zacks Investment Research upgraded shares of LG Display Co. (NYSE:LPL) from a hold rating to a buy rating in a research note released on Wednesday. They currently have $15.00 price target on the stock.

According to Zacks, “LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea. “

A number of other analysts have also recently weighed in on the stock. Bank of America Corp. upgraded shares of LG Display from a neutral rating to a buy rating in a report on Tuesday, July 19th. Sanford C. Bernstein cut shares of LG Display from an outperform rating to a market perform rating and set a $13.18 target price for the company. in a report on Friday, September 9th. They noted that the move was a valuation call. Credit Agricole SA upgraded shares of LG Display from a sell rating to an outperform rating in a report on Wednesday, July 6th. Barclays PLC started coverage on shares of LG Display in a report on Tuesday, June 21st. They set an overweight rating and a $14.00 target price for the company. Finally, Nomura upgraded shares of LG Display from a reduce rating to a neutral rating in a report on Tuesday, June 28th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. LG Display has a consensus rating of Hold and an average price target of $12.82.

LG Display (NYSE:LPL) opened at 13.04 on Wednesday. LG Display has a one year low of $8.43 and a one year high of $14.36. The firm has a 50-day moving average price of $13.13 and a 200 day moving average price of $12.05. The firm has a market capitalization of $9.33 billion, a P/E ratio of 100.31 and a beta of 1.04.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Orbis Allan Gray Ltd purchased a new position in shares of LG Display during the first quarter valued at approximately $5,433,000. Fiera Capital Corp purchased a new position in shares of LG Display during the second quarter valued at approximately $5,218,000. Emerald Acquisition Ltd. purchased a new position in shares of LG Display during the second quarter valued at approximately $3,904,000. OLD Mission Capital LLC purchased a new position in shares of LG Display during the first quarter valued at approximately $3,077,000. Finally, NINE MASTS CAPITAL Ltd purchased a new position in shares of LG Display during the first quarter valued at approximately $2,709,000. Hedge funds and other institutional investors own 3.34% of the company’s stock.

About LG Display

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display (TFT-LCD), organic light emitting diode (OLED) and other display panel technologies. It 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.

5 Day Chart for NYSE:LPL

Receive News & Stock Ratings for LG Display Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LG Display Co. and related stocks with our FREE daily email newsletter.