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

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

LPL has been the subject of several other research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Wall Street Zen downgraded LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Reduce”.

LG Display Stock Performance

LG Display stock opened at $3.90 on Monday. The business has a 50 day moving average of $4.21 and a 200-day moving average of $4.49. The company has a market capitalization of $3.90 billion, a P/E ratio of 20.50, a P/E/G ratio of 1.71 and a beta of 1.48. LG Display has a 1 year low of $2.43 and a 1 year high of $5.67. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.73 and a quick ratio of 0.46.

LG Display (NYSE:LPL) last posted its earnings results on Friday, February 13th. The electronics maker reported ($0.14) EPS for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%.The business had revenue of $4.61 billion for the quarter. On average, equities research analysts predict that LG Display will post 0.59 earnings per share for the current year.

Institutional Trading of LG Display

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ethic Inc. grew its holdings in LG Display by 55.1% during the 3rd quarter. Ethic Inc. now owns 402,675 shares of the electronics maker’s stock worth $2,102,000 after acquiring an additional 143,002 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of LG Display by 55.0% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 400,255 shares of the electronics maker’s stock worth $2,089,000 after acquiring an additional 142,094 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in shares of LG Display by 323.8% in the 2nd quarter. Quadrant Capital Group LLC now owns 175,947 shares of the electronics maker’s stock valued at $602,000 after purchasing an additional 134,432 shares during the period. American Century Companies Inc. lifted its stake in shares of LG Display by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock valued at $5,166,000 after purchasing an additional 161,409 shares during the period. Finally, Wealthstream Advisors Inc. boosted its position in shares of LG Display by 42.9% during the 3rd quarter. Wealthstream Advisors Inc. now owns 40,529 shares of the electronics maker’s stock valued at $212,000 after purchasing an additional 12,168 shares in 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.