LG Display (NYSE:LPL) Upgraded to Hold at Zacks Research

LG Display (NYSE:LPL) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday, Zacks reports.

Separately, Weiss Ratings upgraded LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce”.

LG Display Trading Down 0.2%

NYSE LPL opened at $3.04 on Monday. The company has a quick ratio of 0.37, a current ratio of 0.63 and a debt-to-equity ratio of 0.96. The stock’s 50-day simple moving average is $3.24 and its two-hundred day simple moving average is $3.97. LG Display has a twelve month low of $2.76 and a twelve month high of $5.83. The company has a market capitalization of $3.04 billion, a price-to-earnings ratio of -3.34 and a beta of 1.71.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Friday, August 14th. The electronics maker reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. The business had revenue of $3.74 billion during the quarter, compared to analysts’ expectations of $3.56 billion. Research analysts forecast that LG Display will post -0.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Sequoia Financial Advisors LLC boosted its stake in shares of LG Display by 112.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock valued at $1,963,000 after purchasing an additional 267,189 shares in the last quarter. WINTON GROUP Ltd bought a new position in LG Display in the second quarter worth about $104,000. Allworth Financial LP lifted its holdings in LG Display by 94.0% in the second quarter. Allworth Financial LP now owns 22,724 shares of the electronics maker’s stock worth $88,000 after buying an additional 11,010 shares during the period. West Family Investments Inc. lifted its holdings in LG Display by 198.8% in the second quarter. West Family Investments Inc. now owns 127,339 shares of the electronics maker’s stock worth $495,000 after buying an additional 84,729 shares during the period. Finally, Nykredit A S bought a new stake in LG Display during the 2nd quarter valued at approximately $59,000.

About LG Display

LG Display Co, Ltd. is a South Korean display technology company that develops and manufactures display panels for televisions, monitors, notebook computers, mobile devices, automobiles and other applications. The company’s product portfolio includes OLED and LCD panels, with OLED technologies serving premium television, automotive and mobile markets.

LG Display supplies display solutions to consumer electronics manufacturers and automotive companies worldwide. Its business is organized around applications such as large-size displays, small- and medium-size displays, automotive displays and IT products, including monitors and laptop panels.