LG Display Co., Ltd. (LPL) Upgraded to Buy 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 research note issued to investors on Tuesday, July 25th. The firm currently has a $17.00 price target on the electronics maker’s stock. Zacks Investment Research‘s price target suggests a potential upside of 28.98% 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. “

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

Shares of LG Display Co. (NYSE:LPL) traded up 1.38% during midday trading on Tuesday, reaching $13.18. The company had a trading volume of 578,200 shares. The stock has a 50-day moving average of $14.71 and a 200 day moving average of $13.85. The firm has a market capitalization of $9.43 billion, a price-to-earnings ratio of 4.68 and a beta of 0.36. LG Display Co. has a 52 week low of $11.26 and a 52 week high of $17.05.

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Institutional investors have recently bought and sold shares of the company. Comerica Bank boosted its position in LG Display Co. by 9.9% in the fourth quarter. Comerica Bank now owns 41,630 shares of the electronics maker’s stock worth $568,000 after buying an additional 3,752 shares during the last quarter. Macquarie Group Ltd. boosted its position in LG Display Co. by 24.6% in the fourth quarter. Macquarie Group Ltd. now owns 234,621 shares of the electronics maker’s stock worth $3,015,000 after buying an additional 46,312 shares during the last quarter. Candriam Luxembourg S.C.A. bought a new position in LG Display Co. during the first quarter worth $2,724,000. Nationwide Fund Advisors boosted its position in LG Display Co. by 3.8% in the first quarter. Nationwide Fund Advisors now owns 51,500 shares of the electronics maker’s stock worth $701,000 after buying an additional 1,900 shares during the last quarter. Finally, Profund Advisors LLC boosted its position in LG Display Co. by 5.6% in the first quarter. Profund Advisors LLC now owns 62,575 shares of the electronics maker’s stock worth $852,000 after buying an additional 3,293 shares during the last quarter. 3.88% of the stock is owned by hedge funds and other institutional investors.

About LG Display Co.

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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