LG Display (NYSE:LPL) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a report released on Saturday.

Other equities analysts have also recently issued reports about the stock. Zacks Research cut shares of LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, LG Display presently has a consensus rating of “Reduce”.

LG Display Price Performance

LG Display stock opened at $4.00 on Friday. The stock has a 50-day moving average price of $4.18 and a two-hundred day moving average price of $4.48. LG Display has a 12 month low of $2.43 and a 12 month high of $5.67. The company has a market capitalization of $4.00 billion, a PE ratio of 21.03, a P/E/G ratio of 0.56 and a beta of 1.54. The company has a current ratio of 0.70, a quick ratio of 0.44 and a debt-to-equity ratio of 1.03.

LG Display (NYSE:LPL) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.41). The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5 billion. LG Display had a return on equity of 3.26% and a net margin of 0.98%. Analysts expect that LG Display will post 0.59 EPS for the current year.

Institutional Trading of LG Display

Large investors have recently modified their holdings of the stock. Verdence Capital Advisors LLC lifted its position in shares of LG Display by 14.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,125 shares of the electronics maker’s stock valued at $80,000 after acquiring an additional 2,060 shares during the period. Plan A Wealth LLC grew its holdings in LG Display by 21.4% in the third quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 2,296 shares during the period. CWM LLC increased its stake in LG Display by 14.4% in the fourth quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 3,469 shares in the last quarter. Inspire Investing LLC increased its stake in LG Display by 29.5% in the second quarter. Inspire Investing LLC now owns 18,690 shares of the electronics maker’s stock valued at $64,000 after purchasing an additional 4,259 shares in the last quarter. Finally, Diversified Trust Co. raised its holdings in shares of LG Display by 34.1% during the fourth quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 4,723 shares during the period.

LG Display Company Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.