LG Display Co Ltd. Downgraded by Sanford C. Bernstein to Underperform (LPL)
LG Display Co Ltd. (NYSE:LPL) was downgraded by stock analysts at Sanford C. Bernstein from a “market perform” rating to an “underperform” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
LG Display Co Ltd. (NYSE:LPL) traded up 1.43% on Friday, hitting $16.37. 256,972 shares of the company’s stock traded hands. LG Display Co Ltd. has a 1-year low of $10.46 and a 1-year high of $16.51. The stock has a 50-day moving average of $14.91 and a 200-day moving average of $13.13. The company has a market cap of $11.715 billion and a P/E ratio of 34.71.
LG Display Co Ltd. (NYSE:LPL) last released its earnings data on Thursday, May 22nd. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.04) by $0.06. On average, analysts predict that LG Display Co Ltd. will post $1.06 earnings per share for the current fiscal year.
LPL has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of LG Display Co Ltd. from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 24th. They now have a $16.50 price target on the stock. Separately, analysts at Macquarie upgraded shares of LG Display Co Ltd. from a “neutral” rating to an “outperform” rating in a research note on Monday, June 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. LG Display Co Ltd. currently has a consensus rating of “Hold” and an average price target of $16.50.
LG Display Co, Ltd. is a Korea-based company engaged in the development, manufacture and sale of display and related accessories.
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