LG Display Co., Ltd. (LPL) Earns Buy Rating from Cowen and Company

LG Display Co., Ltd. (NYSE:LPL)‘s stock had its “buy” rating restated by equities researchers at Cowen and Company in a note issued to investors on Sunday, September 10th. They currently have a $20.40 price target on the electronics maker’s stock. Cowen and Company’s price target would indicate a potential upside of 38.40% from the company’s current price.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research raised shares of LG Display Co. from a “strong sell” rating to a “strong-buy” rating and set a $17.00 price objective on the stock in a research report on Friday, June 2nd. ValuEngine raised shares of LG Display Co. from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 9th. BidaskClub lowered shares of LG Display Co. from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, UBS AG lowered shares of LG Display Co. from a “buy” rating to a “neutral” rating in a research report on Wednesday, July 26th. Four analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $18.70.

Shares of LG Display Co. (NYSE:LPL) opened at 14.74 on Friday. The company has a 50-day moving average price of $13.76 and a 200-day moving average price of $14.04. LG Display Co. has a 1-year low of $11.26 and a 1-year high of $17.05. The stock has a market cap of $10.55 billion, a price-to-earnings ratio of 5.14 and a beta of 0.35.

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A number of hedge funds and other institutional investors have recently modified their holdings of LPL. Nationwide Fund Advisors raised its holdings in LG Display Co. by 3.8% in the 1st quarter. Nationwide Fund Advisors now owns 51,500 shares of the electronics maker’s stock valued at $701,000 after buying an additional 1,900 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in LG Display Co. by 9.8% during the 1st quarter. Russell Investments Group Ltd. now owns 359,349 shares of the electronics maker’s stock worth $4,894,000 after purchasing an additional 32,087 shares during the last quarter. Wells Fargo & Company MN raised its holdings in LG Display Co. by 6,427.0% during the 1st quarter. Wells Fargo & Company MN now owns 71,340 shares of the electronics maker’s stock worth $972,000 after purchasing an additional 70,247 shares during the last quarter. US Bancorp DE raised its holdings in LG Display Co. by 6.5% during the 1st quarter. US Bancorp DE now owns 7,794 shares of the electronics maker’s stock worth $106,000 after purchasing an additional 473 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in LG Display Co. by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 13,964 shares of the electronics maker’s stock worth $191,000 after purchasing an additional 147 shares during the last quarter. Institutional investors and hedge funds own 3.72% of the company’s stock.

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.

Analyst Recommendations for LG Display Co. (NYSE:LPL)

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