Zacks Investment Research Upgrades LG Display (NYSE:LPL) to “Hold”

LG Display (NYSE:LPL – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

According to Zacks, “LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea. “

A number of other equities research analysts have also recently issued reports on the stock. StockNews.com cut shares of LG Display from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Bank of America cut shares of LG Display from a “buy” rating to an “underperform” rating in a report on Monday, April 4th. Finally, CLSA raised shares of LG Display from an “underperform” rating to a “buy” rating in a report on Monday, January 3rd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, LG Display presently has a consensus rating of “Hold”.

Shares of NYSE:LPL opened at $6.93 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.59. The business’s 50-day simple moving average is $7.78. The company has a market cap of $4.96 billion, a PE ratio of 4.15, a PEG ratio of 0.30 and a beta of 1.20. LG Display has a one year low of $6.91 and a one year high of $12.31.

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

Institutional investors have recently added to or reduced their stakes in the business. Boston Private Wealth LLC acquired a new position in shares of LG Display during the 3rd quarter worth approximately $457,000. Barclays PLC grew its position in shares of LG Display by 1,739.5% during the 3rd quarter. Barclays PLC now owns 41,720 shares of the electronics maker’s stock worth $332,000 after purchasing an additional 39,452 shares in the last quarter. Segantii Capital Management Ltd grew its position in shares of LG Display by 155.7% during the 3rd quarter. Segantii Capital Management Ltd now owns 181,987 shares of the electronics maker’s stock worth $1,456,000 after purchasing an additional 110,827 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of LG Display by 3,313.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 191,106 shares of the electronics maker’s stock worth $1,519,000 after purchasing an additional 185,508 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its position in shares of LG Display by 50.9% during the 3rd quarter. Goldman Sachs Group Inc. now owns 81,696 shares of the electronics maker’s stock worth $649,000 after purchasing an additional 27,572 shares in the last quarter. 2.36% of the stock is currently owned by hedge funds and other institutional investors.

LG Display Company Profile (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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