LG Display (NYSE:LPL) Lowered to Sell at Citigroup

Citigroup downgraded shares of LG Display (NYSE:LPL) from a buy rating to a sell rating in a research report report published on Thursday, Marketbeat Ratings reports.

A number of other brokerages have also recently commented on LPL. StockNews.com cut LG Display from a “buy” rating to a “hold” rating in a report on Monday, October 21st. JPMorgan Chase & Co. lowered shares of LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd. Finally, Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

LG Display Stock Performance

Shares of LPL stock opened at $3.61 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.68. The firm has a market cap of $3.61 billion, a P/E ratio of -1.49 and a beta of 1.37. The firm’s 50 day moving average price is $3.94 and its 200-day moving average price is $3.98. LG Display has a one year low of $3.45 and a one year high of $5.66.

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

Hedge Funds Weigh In On LG Display

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased 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 worth $31,000 after buying an additional 2,363 shares during the period. Sunbelt Securities Inc. purchased a new position in LG Display in the first quarter worth approximately $32,000. HB Wealth Management LLC acquired a new position in LG Display during the 1st quarter worth approximately $46,000. Drive Wealth Management LLC purchased a new stake in shares of LG Display in the 2nd quarter valued at approximately $50,000. Finally, Caprock Group LLC acquired a new stake in shares of LG Display in the 2nd quarter valued at $50,000.

LG Display Company Profile

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.