LG Display (NYSE:LPL) Downgraded by StockNews.com

StockNews.com downgraded shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a research note issued to investors on Monday.

LPL has been the subject of a number of other research reports. JPMorgan Chase & Co. upgraded shares of LG Display from a “neutral” rating to an “overweight” rating in a research note on Wednesday, July 10th. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research report on Monday, September 16th.

LG Display Stock Performance

Shares of NYSE:LPL opened at $3.87 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. The business’s fifty day moving average price is $3.96 and its two-hundred day moving average price is $3.98. LG Display has a fifty-two week low of $3.45 and a fifty-two week high of $5.66. The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of -1.59 and a beta of 1.37.

LG Display (NYSE:LPL) last posted its earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.37). The firm had revenue of $4.89 billion during the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. As a group, analysts predict that LG Display will post -0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC grew its stake in shares of LG Display by 45.9% during the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 2,363 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in shares of LG Display during the first quarter worth $32,000. HB Wealth Management LLC acquired a new position in shares of LG Display during the first quarter valued at $46,000. Drive Wealth Management LLC bought a new position in LG Display in the second quarter valued at about $50,000. Finally, Caprock Group LLC acquired a new stake in LG Display in the second quarter worth about $50,000.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.