LG Display (NYSE:LPL) Cut to “Hold” at Wall Street Zen

LG Display (NYSE:LPL) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other brokerages have also issued reports on LPL. Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, LG Display currently has a consensus rating of “Reduce”.

LG Display Stock Down 1.8%

NYSE:LPL opened at $4.00 on Friday. LG Display has a one year low of $2.43 and a one year high of $5.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. The company has a market cap of $4.00 billion, a PE ratio of 21.03, a P/E/G ratio of 0.57 and a beta of 1.54. The firm’s 50 day simple moving average is $4.19 and its 200 day simple moving average is $4.48.

LG Display (NYSE:LPL) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.41). The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5 billion. LG Display had a net margin of 0.98% and a return on equity of 3.26%. On average, research analysts anticipate that LG Display will post 0.59 earnings per share for the current year.

Institutional Trading of LG Display

A number of large investors have recently bought and sold shares of the business. Ausdal Financial Partners Inc. acquired a new position in LG Display in the fourth quarter valued at approximately $43,000. Savant Capital LLC acquired a new position in shares of LG Display during the 3rd quarter valued at $54,000. Creative Planning bought a new position in LG Display during the second quarter worth $39,000. MGO One Seven LLC acquired a new stake in LG Display in the second quarter worth $40,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in LG Display in the third quarter valued at $63,000.

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.