LG Display (NYSE:LPL) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research cut shares of LG Display (NYSE:LPL) from a hold rating to a strong sell rating in a research note released on Thursday,Zacks.com reports.

LPL has been the topic of a number of other reports. Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Wall Street Zen raised LG Display from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. Three equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce”.

LG Display Price Performance

LPL stock opened at $3.99 on Thursday. LG Display has a 52 week low of $2.43 and a 52 week high of $5.67. The firm has a market capitalization of $3.99 billion, a P/E ratio of 20.97, a price-to-earnings-growth ratio of 0.56 and a beta of 1.50. The company has a fifty day simple moving average of $4.27 and a two-hundred day simple moving average of $4.45. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.06.

LG Display (NYSE:LPL) last announced its earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.41). LG Display had a net margin of 0.98% and a return on equity of 3.29%. The business had revenue of $5.06 billion for the quarter, compared to analysts’ expectations of $5 billion. Analysts anticipate that LG Display will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LG Display

A number of large investors have recently bought and sold shares of the business. PDS Planning Inc increased its stake in LG Display by 9.8% in the fourth quarter. PDS Planning Inc now owns 85,405 shares of the electronics maker’s stock worth $360,000 after purchasing an additional 7,608 shares during the period. CWM LLC boosted its stake in shares of LG Display by 14.4% during the fourth quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock valued at $116,000 after purchasing an additional 3,469 shares during the period. Intelligence Driven Advisers LLC bought a new position in shares of LG Display in the fourth quarter worth about $58,000. Daytona Street Capital LLC purchased a new position in LG Display in the 4th quarter worth about $126,000. Finally, EdgeRock Capital LLC purchased a new position in LG Display in the 4th quarter worth about $80,000.

LG Display Company Profile

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.