Zacks Investment Research upgraded shares of LG Display Co. (NYSE:LPL) from a hold rating to a buy rating in a research report report published on Wednesday morning. Zacks Investment Research currently has $15.00 target price on the stock.
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 research firms also recently issued reports on LPL. Nomura raised shares of LG Display from a reduce rating to a neutral rating in a research note on Tuesday, June 28th. Barclays PLC began coverage on shares of LG Display in a research note on Tuesday, June 21st. They issued an overweight rating and a $14.00 price target for the company. Sanford C. Bernstein downgraded shares of LG Display from an outperform rating to a market perform rating and set a $13.18 price target for the company. in a research note on Friday, September 9th. They noted that the move was a valuation call. Credit Agricole SA raised shares of LG Display from a sell rating to an outperform rating in a research note on Wednesday, July 6th. Finally, Bank of America Corp. raised shares of LG Display from a neutral rating to a buy rating in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $12.82.
LG Display (NYSE:LPL) opened at 13.06 on Wednesday. The company has a market cap of $9.35 billion, a PE ratio of 100.46 and a beta of 1.05. The firm’s 50 day moving average is $13.08 and its 200 day moving average is $12.08. LG Display has a 52-week low of $8.43 and a 52-week high of $14.36.
Several large investors have recently bought and sold shares of the stock. Airain ltd purchased a new stake in LG Display during the second quarter worth approximately $382,000. Emerald Acquisition Ltd. purchased a new stake in LG Display during the second quarter worth approximately $3,904,000. World Asset Management Inc boosted its stake in LG Display by 8.3% in the second quarter. World Asset Management Inc now owns 44,291 shares of the company’s stock worth $513,000 after buying an additional 3,400 shares during the last quarter. Columbus Circle Investors purchased a new stake in LG Display during the second quarter worth approximately $1,513,000. Finally, Shelton Capital Management boosted its stake in LG Display by 17.5% in the second quarter. Shelton Capital Management now owns 47,000 shares of the company’s stock worth $545,000 after buying an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 3.34% of the company’s stock.
LG Display 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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