LG Display (NYSE:LPL) Upgraded to Hold at Zacks Research

Zacks Research upgraded shares of LG Display (NYSE:LPL) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks reports.

Separately, Weiss Ratings raised LG Display from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, LG Display has an average rating of “Reduce”.

LG Display Price Performance

NYSE LPL opened at $3.04 on Monday. LG Display has a 12 month low of $2.76 and a 12 month high of $5.83. The firm has a market capitalization of $3.04 billion, a PE ratio of -3.34 and a beta of 1.71. The company’s 50 day simple moving average is $3.24 and its 200 day simple moving average is $3.97. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.63 and a quick ratio of 0.37.

LG Display (NYSE:LPL) last released its earnings results on Friday, August 14th. The electronics maker reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.14). The firm had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.56 billion. LG Display had a negative return on equity of 19.82% and a negative net margin of 5.26%. As a group, equities research analysts forecast that LG Display will post -0.34 EPS for the current fiscal year.

Institutional Trading of LG Display

Large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its holdings in shares of LG Display by 112.6% in the second quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker’s stock valued at $1,963,000 after buying an additional 267,189 shares in the last quarter. WINTON GROUP Ltd bought a new stake in shares of LG Display during the 2nd quarter worth $104,000. Allworth Financial LP boosted its stake in shares of LG Display by 94.0% during the 2nd quarter. Allworth Financial LP now owns 22,724 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 11,010 shares in the last quarter. West Family Investments Inc. grew its holdings in shares of LG Display by 198.8% in the 2nd quarter. West Family Investments Inc. now owns 127,339 shares of the electronics maker’s stock worth $495,000 after acquiring an additional 84,729 shares during the last quarter. Finally, Nykredit A S acquired a new position in shares of LG Display in the 2nd quarter worth $59,000.

LG Display Company Profile

LG Display Co, Ltd. is a South Korean display technology company that develops and manufactures display panels for televisions, monitors, notebook computers, mobile devices, automobiles and other applications. The company’s product portfolio includes OLED and LCD panels, with OLED technologies serving premium television, automotive and mobile markets.

LG Display supplies display solutions to consumer electronics manufacturers and automotive companies worldwide. Its business is organized around applications such as large-size displays, small- and medium-size displays, automotive displays and IT products, including monitors and laptop panels.