LG Display (NYSE:LPL) Downgraded by Zacks Research to “Strong Sell”

LG Display (NYSE:LPL) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Thursday,Zacks.com reports.

LPL has been the topic of a number of other research reports. Wall Street Zen raised shares of LG Display from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd. Three analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

LG Display Stock Down 1.1%

Shares of NYSE LPL opened at $3.99 on Thursday. LG Display has a 52 week low of $2.43 and a 52 week high of $5.67. The business has a 50-day simple moving average of $4.27 and a two-hundred day simple moving average of $4.45. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.06. The company has a market cap of $3.99 billion, a P/E ratio of 20.97, a P/E/G ratio of 0.56 and a beta of 1.50.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.41). LG Display had a net margin of 0.98% and a return on equity of 3.29%. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5 billion. Research analysts anticipate that LG Display will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of LG Display

A number of hedge funds have recently made changes to their positions in LPL. PDS Planning Inc increased its stake in LG Display by 9.8% in the fourth quarter. PDS Planning Inc now owns 85,405 shares of the electronics maker’s stock valued at $360,000 after acquiring an additional 7,608 shares during the last quarter. CWM LLC increased its position in shares of LG Display by 14.4% during the 4th quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 3,469 shares during the last quarter. Intelligence Driven Advisers LLC purchased a new stake in LG Display in the fourth quarter worth approximately $58,000. Daytona Street Capital LLC bought a new position in LG Display during the fourth quarter valued at approximately $126,000. Finally, EdgeRock Capital LLC purchased a new position in shares of LG Display during the fourth quarter worth approximately $80,000.

About LG Display

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.