LG Display (NYSE:LPL) Cut to Hold at StockNews.com

LG Display (NYSE:LPL) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. raised LG Display from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 10th. Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

LG Display Stock Up 0.6 %

LPL stock opened at $3.92 on Friday. The company’s 50 day moving average price is $3.98 and its 200 day moving average price is $4.01. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of -1.61 and a beta of 1.37. LG Display has a fifty-two week low of $3.45 and a fifty-two week high of $5.66. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.68.

LG Display (NYSE:LPL) last issued its earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.37). LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. The business had revenue of $4.89 billion for the quarter. On average, equities research analysts anticipate that LG Display will post -0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On LG Display

A number of hedge funds have recently modified their holdings of LPL. Sunbelt Securities Inc. bought a new position in LG Display in the first quarter valued at approximately $32,000. CWM LLC grew its position in LG Display by 66.4% during the 1st quarter. CWM LLC now owns 18,073 shares of the electronics maker’s stock worth $74,000 after acquiring an additional 7,211 shares during the last quarter. Sequoia Financial Advisors LLC lifted its stake in shares of LG Display by 69.8% in the first quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock worth $364,000 after acquiring an additional 36,483 shares during the period. PDS Planning Inc grew its stake in shares of LG Display by 20.3% in the 1st quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock valued at $128,000 after buying an additional 5,290 shares during the period. Finally, Blue Trust Inc. increased its stake in LG Display by 268.3% during the 2nd quarter. Blue Trust Inc. now owns 28,361 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 20,660 shares in the last quarter.

LG Display Company Profile

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.