Wall Street Zen Downgrades LG Display (NYSE:LPL) to Hold

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

Several other equities analysts have also recently weighed in on LPL. Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Zacks Research downgraded shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, LG Display has a consensus rating of “Reduce”.

LG Display Trading Down 1.8%

Shares of NYSE LPL opened at $4.00 on Friday. LG Display has a twelve month low of $2.43 and a twelve month high of $5.67. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 21.03, a P/E/G ratio of 0.56 and a beta of 1.54. The company has a quick ratio of 0.44, a current ratio of 0.70 and a debt-to-equity ratio of 1.03. The company’s fifty day moving average is $4.19 and its 200-day moving average is $4.48.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Wednesday, January 28th. The electronics maker reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.41). The business 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%. Equities research analysts predict that LG Display will post 0.59 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership bought a new stake in shares of LG Display during the 3rd quarter worth approximately $7,862,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in LG Display by 114.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after buying an additional 1,040,826 shares during the last quarter. Millennium Management LLC raised its position in LG Display by 898.4% during the third quarter. Millennium Management LLC now owns 404,155 shares of the electronics maker’s stock worth $2,110,000 after acquiring an additional 363,673 shares in the last quarter. American Century Companies Inc. raised its position 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 acquiring an additional 161,409 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in LG Display by 792.0% in the third quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock valued at $918,000 after acquiring an additional 156,126 shares during the last quarter.

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.