LG Display (NYSE:LPL) Stock Rating Upgraded by 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 report issued to clients and investors on Monday, Zacks reports.

Separately, Weiss Ratings upgraded shares of LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce”.

LG Display Stock Performance

Shares of NYSE:LPL opened at $3.04 on Monday. The firm’s 50 day simple moving average is $3.24 and its 200 day simple moving average is $3.97. LG Display has a fifty-two week low of $2.76 and a fifty-two week 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. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.63 and a quick ratio of 0.37.

LG Display (NYSE:LPL) last issued 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). The firm had revenue of $3.74 billion for the quarter, compared to analyst estimates of $3.56 billion. LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. As a group, sell-side analysts forecast that LG Display will post -0.34 earnings per share for the current year.

Institutional Trading of LG Display

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

LG Display Company Profile

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.