LG Display (NYSE:LPL) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a report published on Monday morning.

Several other brokerages also recently weighed in on LPL. JPMorgan Chase & Co. upgraded LG Display from a “neutral” rating to an “overweight” rating in a report on Wednesday, July 10th. Morgan Stanley upgraded shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th.

LG Display Trading Down 1.6 %

Shares of LPL stock opened at $3.80 on Monday. LG Display has a fifty-two week low of $3.45 and a fifty-two week high of $5.66. The company has a 50 day moving average price of $3.96 and a 200 day moving average price of $3.98. The stock has a market capitalization of $3.80 billion, a P/E ratio of -1.56 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.68.

LG Display (NYSE:LPL) last posted its quarterly earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing the consensus estimate of ($0.37) by ($0.37). The business 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%. Equities research analysts predict that LG Display will post -0.5 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

Several institutional investors have recently modified their holdings of the company. GAMMA Investing LLC raised its stake in LG Display by 45.9% in the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after buying an additional 2,363 shares in the last quarter. Sunbelt Securities Inc. purchased a new position in shares of LG Display in the 1st quarter valued at about $32,000. HB Wealth Management LLC acquired a new stake in shares of LG Display during the 1st quarter worth about $46,000. Drive Wealth Management LLC purchased a new stake in LG Display during the second quarter worth approximately $50,000. Finally, Caprock Group LLC acquired a new position in LG Display in the second quarter valued at approximately $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.