LG Display (NYSE:LPL) Rating Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a report published on Friday, Zacks.com reports.

According to Zacks, “LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea. “

A number of other analysts have also commented on the company. Daiwa Capital Markets lowered LG Display from an outperform rating to a neutral rating in a report on Wednesday, April 24th. ValuEngine raised LG Display from a hold rating to a buy rating in a report on Thursday, August 1st. Finally, HSBC lowered LG Display from a buy rating to a hold rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $7.00.

LPL stock opened at $5.23 on Friday. The business’s 50 day moving average price is $7.07. LG Display has a fifty-two week low of $5.17 and a fifty-two week high of $10.39. The company has a current ratio of 0.98, a quick ratio of 0.71 and a debt-to-equity ratio of 0.60. The firm has a market cap of $3.78 billion, a P/E ratio of -20.12 and a beta of 0.91.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Wednesday, May 15th. The electronics maker reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.08. The firm had revenue of $5.29 billion during the quarter. LG Display had a negative return on equity of 1.46% and a negative net margin of 0.87%. Equities analysts predict that LG Display will post -1.1 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. Lindbrook Capital LLC increased its holdings in LG Display by 55.8% during the 1st quarter. Lindbrook Capital LLC now owns 4,358 shares of the electronics maker’s stock worth $37,000 after purchasing an additional 1,560 shares in the last quarter. Penserra Capital Management LLC grew its holdings in shares of LG Display by 50.0% in the first quarter. Penserra Capital Management LLC now owns 5,058 shares of the electronics maker’s stock valued at $43,000 after acquiring an additional 1,686 shares in the last quarter. Investors Research Corp bought a new position in shares of LG Display in the first quarter valued at approximately $53,000. Cornerstone Advisors Inc. grew its holdings in shares of LG Display by 67.5% in the first quarter. Cornerstone Advisors Inc. now owns 6,211 shares of the electronics maker’s stock valued at $54,000 after acquiring an additional 2,503 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in shares of LG Display by 79.0% in the first quarter. Parallel Advisors LLC now owns 7,891 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 3,483 shares in the last quarter. 2.81% of the stock is owned by hedge funds and other institutional investors.

LG Display Company Profile

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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