Today, LG Display Co. (LPL) gets Hold status at The Zacks Investment Research

Today, LG Display Co. (LPL) gets Hold status at The Zacks Investment Research

LG Display Co. (NYSE:LPL) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

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 research analysts also recently issued reports about the company. Bank of America Corp. upgraded LG Display from a “neutral” rating to a “buy” rating in a report on Tuesday, July 19th. Deutsche Bank AG downgraded LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, October 26th. Finally, Sanford C. Bernstein downgraded 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $12.82.

LG Display (NYSE:LPL) traded down 0.17% during mid-day trading on Tuesday, hitting $12.07. The stock had a trading volume of 85,052 shares. The stock’s 50 day moving average price is $12.36 and its 200 day moving average price is $12.32. LG Display has a one year low of $8.43 and a one year high of $14.36. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 108.74 and a beta of 0.84.

Hedge funds have recently added to or reduced their stakes in the stock. Boston Advisors LLC boosted its stake in LG Display by 0.4% in the third quarter. Boston Advisors LLC now owns 66,480 shares of the company’s stock worth $846,000 after buying an additional 235 shares during the last quarter. Verition Fund Management LLC boosted its stake in LG Display by 5.1% in the third quarter. Verition Fund Management LLC now owns 11,709 shares of the company’s stock worth $149,000 after buying an additional 572 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its stake in LG Display by 11.2% in the second quarter. Quantitative Systematic Strategies LLC now owns 14,463 shares of the company’s stock worth $162,000 after buying an additional 1,462 shares during the last quarter. Wetherby Asset Management Inc. boosted its stake in LG Display by 6.5% in the second quarter. Wetherby Asset Management Inc. now owns 27,200 shares of the company’s stock worth $315,000 after buying an additional 1,660 shares during the last quarter. Finally, 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. 3.34% of the stock is owned by institutional investors.

About LG Display

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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