LG Display Co., Ltd. (LPL) Stock Rating Upgraded by Zacks Investment Research

LG Display Co., Ltd. (NYSE:LPL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday, July 25th. The brokerage currently has a $17.00 target price on the electronics maker’s stock. Zacks Investment Research‘s price target indicates a potential upside of 31.17% from the company’s current price.

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 equities analysts also recently issued reports on the company. BidaskClub downgraded LG Display Co. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. ValuEngine upgraded LG Display Co. from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. Finally, CLSA downgraded LG Display Co. from an “outperform” rating to an “underperform” rating in a research report on Thursday, April 27th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. LG Display Co. currently has an average rating of “Hold” and an average target price of $16.86.

LG Display Co. (NYSE LPL) opened at 12.96 on Tuesday. LG Display Co. has a 12-month low of $11.26 and a 12-month high of $17.05. The stock has a market capitalization of $9.27 billion, a P/E ratio of 4.44 and a beta of 0.36. The firm’s 50-day moving average is $15.18 and its 200-day moving average is $13.86.

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Large investors have recently bought and sold shares of the stock. Morgan Stanley boosted its stake in LG Display Co. by 18.1% in the first quarter. Morgan Stanley now owns 1,439,421 shares of the electronics maker’s stock valued at $19,604,000 after buying an additional 220,866 shares in the last quarter. Aperio Group LLC boosted its stake in LG Display Co. by 33.8% in the second quarter. Aperio Group LLC now owns 739,439 shares of the electronics maker’s stock valued at $11,883,000 after buying an additional 186,817 shares during the period. Parametric Portfolio Associates LLC boosted its stake in LG Display Co. by 17.7% in the second quarter. Parametric Portfolio Associates LLC now owns 736,779 shares of the electronics maker’s stock valued at $11,840,000 after buying an additional 110,776 shares during the period. Thomas White International Ltd. boosted its stake in LG Display Co. by 2.4% in the first quarter. Thomas White International Ltd. now owns 732,496 shares of the electronics maker’s stock valued at $9,977,000 after buying an additional 17,451 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in LG Display Co. during the first quarter valued at about $7,527,000. 3.95% of the stock is owned by hedge funds and other institutional investors.

LG Display Co. Company Profile

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.

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