Morgan Stanley Lowers LG Display (NYSE:LPL) to Underweight

LG Display (NYSE:LPL – Get Rating) was downgraded by Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report issued on Wednesday, The Fly reports.

Several other research analysts have also issued reports on LPL. Bank of America lowered shares of LG Display from a “buy” rating to an “underperform” rating in a research report on Monday, April 4th. StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. CLSA upgraded shares of LG Display from an “underperform” rating to a “buy” rating in a research report on Monday, January 3rd. Finally, Zacks Investment Research upgraded shares of LG Display from a “sell” rating to a “hold” rating in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, LG Display currently has an average rating of “Hold”.

LG Display stock opened at $6.93 on Wednesday. The company has a market capitalization of $4.96 billion, a PE ratio of 4.15, a P/E/G ratio of 0.30 and a beta of 1.20. LG Display has a fifty-two week low of $6.91 and a fifty-two week high of $12.31. The stock has a fifty day moving average price of $7.78. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59.

LG Display (NYSE:LPL – Get Rating) last announced its earnings results on Tuesday, March 8th. The electronics maker reported $0.29 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.42). LG Display had a return on equity of 8.88% and a net margin of 4.19%. The company had revenue of $7.44 billion during the quarter, compared to analysts’ expectations of $7.30 billion. As a group, equities research analysts forecast that LG Display will post 0.75 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC boosted its position in LG Display by 3,313.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 191,106 shares of the electronics maker’s stock valued at $1,519,000 after buying an additional 185,508 shares during the period. Yousif Capital Management LLC purchased a new stake in LG Display during the fourth quarter valued at about $112,000. Corient Capital Partners LLC boosted its position in LG Display by 24.0% during the third quarter. Corient Capital Partners LLC now owns 32,837 shares of the electronics maker’s stock valued at $261,000 after buying an additional 6,349 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of LG Display during the third quarter worth about $342,000. Finally, PDS Planning Inc boosted its holdings in shares of LG Display by 71.4% during the fourth quarter. PDS Planning Inc now owns 18,165 shares of the electronics maker’s stock worth $183,000 after purchasing an additional 7,566 shares during the period. Institutional investors and hedge funds own 2.36% of the company’s stock.

About LG Display (Get Rating)

LG Display Co, Ltd. engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.

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