LG Display (NYSE:LPL) Lowered to Hold Rating by Wall Street Zen

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

LPL has been the topic of several other reports. Zacks Research lowered shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

LG Display Price Performance

Shares of NYSE LPL opened at $4.00 on Friday. The business has a fifty day moving average price of $4.19 and a two-hundred day moving average price of $4.48. The stock has a market capitalization of $4.00 billion, a PE ratio of 21.03, a P/E/G ratio of 0.57 and a beta of 1.54. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. LG Display has a fifty-two week low of $2.43 and a fifty-two week high of $5.67.

LG Display (NYSE:LPL) last released its earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.41). The company had revenue of $5.06 billion for the quarter, compared to analyst estimates of $5 billion. LG Display had a return on equity of 3.26% and a net margin of 0.98%. As a group, equities analysts predict that LG Display will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LG Display

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPL. Creative Planning bought a new stake in shares of LG Display during the second quarter worth $39,000. MGO One Seven LLC acquired a new stake in shares of LG Display during the 2nd quarter valued at $40,000. Ausdal Financial Partners Inc. acquired a new stake in shares of LG Display during the 4th quarter valued at $43,000. XTX Topco Ltd bought a new stake in LG Display during the 2nd quarter worth $46,000. Finally, Syverson Strege & Co acquired a new position in LG Display in the 2nd quarter worth about $47,000.

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.