LG Display Co., Ltd. (NYSE:LPL) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued on Friday.
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. “
Several other equities research analysts have also recently commented on the stock. Cowen and Company set a $16.00 price target on shares of LG Display Co. and gave the stock a “buy” rating in a research report on Monday, October 23rd. Nomura reissued a “neutral” rating on shares of LG Display Co. in a research report on Thursday, October 19th. BidaskClub raised shares of LG Display Co. from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, UBS AG cut shares of LG Display Co. from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. LG Display Co. has a consensus rating of “Hold” and an average target price of $16.50.
Shares of LG Display Co. (LPL) traded down $0.01 during trading hours on Friday, reaching $13.18. 642,329 shares of the company’s stock traded hands, compared to its average volume of 921,804. The stock has a market capitalization of $9,432.00, a P/E ratio of 4.03, a PEG ratio of 0.35 and a beta of 0.44.
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Several hedge funds have recently modified their holdings of LPL. BNP Paribas Arbitrage SA raised its holdings in shares of LG Display Co. by 13.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock valued at $120,000 after purchasing an additional 857 shares during the period. Ameriprise Financial Inc. bought a new stake in shares of LG Display Co. in the 1st quarter valued at about $149,000. Athos Capital Ltd bought a new stake in shares of LG Display Co. in the 2nd quarter valued at about $160,000. Cubist Systematic Strategies LLC bought a new stake in shares of LG Display Co. in the 2nd quarter valued at about $168,000. Finally, Dixon Hubard Feinour & Brown Inc. VA bought a new stake in shares of LG Display Co. in the 2nd quarter valued at about $170,000. 3.70% of the stock is currently owned by 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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