LG Display (LPL) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a report issued on Tuesday.

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. “

LPL has been the topic of a number of other research reports. Cowen reiterated a buy rating and issued a $20.40 price objective on shares of LG Display in a research note on Sunday, September 10th. Nomura reiterated a neutral rating on shares of LG Display in a research note on Thursday, October 19th. Three research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $15.50.

Shares of LG Display (LPL) traded down $0.19 during trading on Tuesday, reaching $14.29. 543,700 shares of the company’s stock were exchanged, compared to its average volume of 686,233. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 1.07. LG Display has a twelve month low of $11.91 and a twelve month high of $17.05. The firm has a market cap of $10,130.00, a price-to-earnings ratio of 4.23, a price-to-earnings-growth ratio of 0.67 and a beta of 0.47.

Several large investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its stake in shares of LG Display by 0.7% in the second quarter. Wells Fargo & Company MN now owns 71,816 shares of the electronics maker’s stock worth $1,154,000 after acquiring an additional 476 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of LG Display by 13.0% in the second quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 857 shares during the period. Nationwide Fund Advisors increased its stake in shares of LG Display by 1.7% in the second quarter. Nationwide Fund Advisors now owns 52,400 shares of the electronics maker’s stock worth $842,000 after acquiring an additional 900 shares during the period. Stifel Financial Corp increased its stake in shares of LG Display by 1.7% in the second quarter. Stifel Financial Corp now owns 52,400 shares of the electronics maker’s stock worth $842,000 after acquiring an additional 900 shares during the period. Finally, AXA increased its stake in shares of LG Display by 13.5% in the second quarter. AXA now owns 20,845 shares of the electronics maker’s stock worth $335,000 after acquiring an additional 2,474 shares during the period. Hedge funds and other institutional investors own 4.04% of the company’s stock.

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LG Display Company Profile

LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.

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