LG Display (NYSE:LPL) Upgraded at Zacks Research

Zacks Research upgraded shares of LG Display (NYSE:LPL) from a strong sell rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

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

LG Display Price Performance

Shares of NYSE:LPL opened at $3.98 on Monday. The firm has a 50 day moving average of $4.21 and a 200-day moving average of $4.48. 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 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. The stock has a market capitalization of $3.98 billion, a PE ratio of 20.92, a PEG ratio of 1.76 and a beta of 1.56.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%.The firm had revenue of $4.61 billion for the quarter. On average, equities research analysts predict that LG Display will post 0.59 EPS 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. Arrowstreet Capital Limited Partnership acquired a new position in shares of LG Display in the 3rd quarter worth approximately $7,862,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of LG Display by 114.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock valued at $10,174,000 after purchasing an additional 1,040,826 shares during the last quarter. Millennium Management LLC increased its position in shares of LG Display by 92.1% during the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after buying an additional 372,199 shares during the period. Corient Private Wealth LLC increased its position in shares of LG Display by 125.0% during the fourth quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock worth $2,667,000 after buying an additional 352,248 shares during the period. Finally, American Century Companies Inc. raised its stake in LG Display by 12.0% during the second quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after buying an additional 161,409 shares during 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.