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

LG Display (NYSE:LPL) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

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

LG Display Stock Performance

Shares of NYSE LPL opened at $3.92 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. The stock has a 50 day moving average price of $4.29 and a 200 day moving average price of $4.53. The stock has a market capitalization of $3.92 billion, a PE ratio of 20.63, a price-to-earnings-growth ratio of 1.78 and a beta of 1.47. LG Display has a 52 week low of $2.43 and a 52 week high of $5.67.

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

Institutional Trading of LG Display

Several hedge funds have recently added to or reduced their stakes in LPL. Arrowstreet Capital Limited Partnership bought a new position in LG Display during the 3rd quarter worth $7,862,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings 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 buying an additional 1,040,826 shares in the last quarter. Millennium Management LLC boosted its position in shares of LG Display by 92.1% in the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after acquiring an additional 372,199 shares during the period. Corient Private Wealth LLC boosted its position in shares of LG Display by 125.0% in the fourth quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock valued at $2,667,000 after acquiring an additional 352,248 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of LG Display by 12.0% in the second quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock valued at $5,166,000 after acquiring 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.