ValuEngine downgraded shares of LG Display (NYSE:LPL) from a sell rating to a strong sell rating in a research note issued to investors on Tuesday.
Several other equities analysts have also recently issued reports on LPL. CLSA upgraded LG Display from an underperform rating to an outperform rating in a research report on Tuesday, January 23rd. Morgan Stanley upgraded LG Display from an underweight rating to an overweight rating in a research report on Tuesday, January 23rd. Zacks Investment Research cut LG Display from a hold rating to a sell rating in a research report on Wednesday, January 24th. Cowen set a $15.00 price target on LG Display and gave the company a buy rating in a research report on Tuesday, April 10th. Finally, Bank of America cut LG Display to an underperform rating in a research report on Wednesday, April 25th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $15.00.
Get LG Display alerts:Shares of LG Display opened at $10.30 on Tuesday, Marketbeat.com reports. LG Display has a 1 year low of $10.16 and a 1 year high of $17.05. The firm has a market cap of $7.49 billion, a PE ratio of 4.29, a PEG ratio of 1.47 and a beta of 0.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.79 and a current ratio of 1.04.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highbridge Capital Management LLC boosted its stake in shares of LG Display by 12.0% during the 1st quarter. Highbridge Capital Management LLC now owns 50,400 shares of the electronics maker’s stock worth $609,000 after acquiring an additional 5,400 shares in the last quarter. Shelton Capital Management boosted its stake in shares of LG Display by 14.9% during the 4th quarter. Shelton Capital Management now owns 54,000 shares of the electronics maker’s stock worth $743,000 after acquiring an additional 7,000 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its stake in shares of LG Display by 8.8% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 87,000 shares of the electronics maker’s stock worth $1,197,000 after acquiring an additional 7,000 shares in the last quarter. Signaturefd LLC bought a new stake in shares of LG Display during the 1st quarter worth $150,000. Finally, US Bancorp DE boosted its stake in shares of LG Display by 26.3% during the 4th quarter. US Bancorp DE now owns 60,155 shares of the electronics maker’s stock worth $827,000 after acquiring an additional 12,526 shares in the last quarter. 3.36% of the stock is owned by institutional investors and hedge funds.
About LG Display
LG Display Co, Ltd. engages in the manufacture and sale of thin film transistor and organic light-emitting diodedisplay (OLED) products. Its products include television, commercial, monitor, notebook, mobile, auto, and OLED display. The company was founded on February 28, 1985 and is headquartered in Seoul, South Korea.
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