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

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

A number of other research firms have also commented on LPL. Wall Street Zen upgraded 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 research note on Thursday, January 22nd. Three 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, the stock currently has a consensus rating of “Reduce”.

LG Display Stock Down 1.1%

LPL opened at $3.99 on Thursday. LG Display has a 12 month low of $2.43 and a 12 month high of $5.67. The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. The business’s 50-day moving average price is $4.27 and its 200-day moving average price is $4.45. 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 issued its 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). The company had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5 billion. LG Display had a net margin of 0.98% and a return on equity of 3.29%. On average, equities analysts expect that LG Display will post 0.59 EPS for the current year.

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently bought and sold shares of LPL. Creative Planning bought a new stake in LG Display during the 2nd quarter valued at approximately $39,000. MGO One Seven LLC bought a new position in LG Display in the second quarter worth $40,000. XTX Topco Ltd bought a new position in LG Display in the second quarter worth $46,000. Syverson Strege & Co bought a new position in LG Display in the second quarter worth $47,000. Finally, Resonant Capital Advisors LLC purchased a new position in LG Display during the second quarter valued at $47,000.

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.