LG Display (NYSE:LPL) Raised to “Hold” at Zacks Research

LG Display (NYSE:LPL) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Wall Street Zen cut shares of LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Four research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce”.

LG Display Stock Performance

Shares of LPL stock opened at $3.90 on Monday. LG Display has a 52-week low of $2.43 and a 52-week high of $5.67. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 1.14. The stock has a market cap of $3.90 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.71 and a beta of 1.48. The business has a 50-day simple moving average of $4.21 and a 200-day simple moving average of $4.49.

LG Display (NYSE:LPL) last posted its earnings results on Friday, February 13th. The electronics maker reported ($0.14) EPS for the quarter. The company had revenue of $4.61 billion for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%. On average, equities analysts expect that LG Display will post 0.59 EPS for the current year.

Hedge Funds Weigh In On LG Display

Large investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership purchased a new position in LG Display during the third quarter valued at $7,862,000. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of LG Display by 114.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after purchasing an additional 1,040,826 shares in the last quarter. Millennium Management LLC raised its position in shares of LG Display by 92.1% during the 4th quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after purchasing an additional 372,199 shares during the last quarter. Corient Private Wealth LLC raised its position in shares of LG Display by 125.0% during the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock worth $2,667,000 after purchasing an additional 352,248 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in LG Display by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock valued at $5,166,000 after buying an additional 161,409 shares in the last quarter.

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.