JPMorgan Chase & Co. upgraded shares of LG Display (NYSE:LPL) from a neutral rating to an overweight rating in a research note released on Monday morning, Briefing.com Automated Import reports.

LPL has been the subject of a number of other reports. Zacks Investment Research cut LG Display from a hold rating to a strong sell rating in a report on Friday, August 23rd. Morgan Stanley upgraded LG Display from an equal weight rating to an overweight rating in a report on Sunday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. LG Display presently has an average rating of Hold and a consensus price target of $7.00.

NYSE LPL opened at $6.64 on Monday. The stock has a market cap of $4.84 billion, a PE ratio of -25.54 and a beta of 0.90. The company has a current ratio of 1.01, a quick ratio of 0.76 and a debt-to-equity ratio of 0.81. LG Display has a twelve month low of $5.08 and a twelve month high of $9.81. The stock has a fifty day simple moving average of $6.09 and a 200-day simple moving average of $6.31.

LG Display (NYSE:LPL) last announced its earnings results on Wednesday, October 23rd. The electronics maker reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.50) by ($0.02). LG Display had a negative net margin of 3.62% and a negative return on equity of 5.86%. The firm had revenue of $4.88 billion for the quarter, compared to analysts’ expectations of $4.97 billion. Research analysts predict that LG Display will post -1.97 EPS for the current year.

Institutional investors have recently made changes to their positions in the stock. Corient Capital Partners LLC boosted its holdings in LG Display by 123.5% during the 3rd quarter. Corient Capital Partners LLC now owns 36,551 shares of the electronics maker’s stock valued at $217,000 after acquiring an additional 20,199 shares during the period. Parametric Portfolio Associates LLC boosted its holdings in LG Display by 61.2% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 2,409,677 shares of the electronics maker’s stock valued at $14,338,000 after acquiring an additional 914,437 shares during the period. Barclays PLC boosted its holdings in LG Display by 28.5% during the 3rd quarter. Barclays PLC now owns 540,050 shares of the electronics maker’s stock valued at $3,213,000 after acquiring an additional 119,750 shares during the period. Quadrant Capital Group LLC boosted its holdings in LG Display by 21.6% during the 3rd quarter. Quadrant Capital Group LLC now owns 75,109 shares of the electronics maker’s stock valued at $446,000 after acquiring an additional 13,366 shares during the period. Finally, UBS Group AG boosted its stake in shares of LG Display by 1,194.1% in the 2nd quarter. UBS Group AG now owns 1,367,108 shares of the electronics maker’s stock valued at $10,595,000 after buying an additional 1,261,470 shares during the period. Institutional investors own 2.55% of the company’s stock.

LG Display Company Profile

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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Analyst Recommendations for LG Display (NYSE:LPL)

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