LG Display (NYSE:LPL) Cut to “Strong Sell” at Zacks Research

Zacks Research downgraded shares of LG Display (NYSE:LPL) from a hold rating to a strong sell rating in a report published on Thursday morning,Zacks.com reports.

Other research analysts have also issued research reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Wall Street Zen upgraded LG Display from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Three equities research analysts have rated the stock with a Hold rating and two have given 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

NYSE LPL opened at $3.99 on Thursday. The company has a fifty day simple moving average of $4.27 and a 200 day simple moving average of $4.45. LG Display has a 12-month low of $2.43 and a 12-month high of $5.67. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. The company has a market cap of $3.99 billion, a P/E ratio of 20.97, a PEG ratio of 0.56 and a beta of 1.50.

LG Display (NYSE:LPL) last released its quarterly earnings data on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.41). The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $5 billion. LG Display had a net margin of 0.98% and a return on equity of 3.29%. Sell-side analysts predict that LG Display will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LG Display

A number of hedge funds and other institutional investors have recently made changes to their positions in LPL. Savant Capital LLC purchased a new stake in LG Display during the third quarter worth about $54,000. Creative Planning purchased a new position in LG Display in the second quarter valued at about $39,000. MGO One Seven LLC bought a new position in shares of LG Display during the 2nd quarter valued at approximately $40,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of LG Display during the 3rd quarter worth approximately $63,000. Finally, Fragasso Financial Advisors Inc bought a new stake in shares of LG Display in the 3rd quarter worth approximately $67,000.

About LG Display

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.