LG Display (NYSE:LPL) Downgraded to “Neutral” at Nomura

LG Display (NYSE:LPL) was downgraded by stock analysts at Nomura from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

LPL has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of LG Display from a “sell” rating to a “hold” rating in a report on Friday, August 13th. Macquarie downgraded shares of LG Display from a “neutral” rating to an “underperform” rating in a report on Thursday, June 17th. CLSA downgraded shares of LG Display from an “outperform” rating to an “underperform” rating in a report on Thursday, July 29th. Finally, JPMorgan Chase & Co. downgraded shares of LG Display from an “overweight” rating to a “neutral” rating in a report on Monday, June 14th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, LG Display presently has a consensus rating of “Hold” and a consensus price target of $13.00.

Shares of LPL stock opened at $8.66 on Wednesday. The firm has a 50-day moving average of $9.38 and a 200-day moving average of $10.06. The company has a market cap of $6.20 billion, a P/E ratio of 5.55, a P/E/G ratio of 0.13 and a beta of 1.05. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.96 and a quick ratio of 0.74. LG Display has a one year low of $6.21 and a one year high of $12.31.

LG Display (NYSE:LPL) last announced its earnings results on Wednesday, July 28th. The electronics maker reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.09. The company had revenue of $6.21 billion during the quarter, compared to the consensus estimate of $6.39 billion. LG Display had a net margin of 4.56% and a return on equity of 10.09%. As a group, research analysts expect that LG Display will post 2.04 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Parametric Portfolio Associates LLC increased its stake in shares of LG Display by 0.4% in the second quarter. Parametric Portfolio Associates LLC now owns 2,423,097 shares of the electronics maker’s stock worth $25,903,000 after purchasing an additional 8,640 shares in the last quarter. Marshall Wace LLP increased its stake in shares of LG Display by 24.1% in the second quarter. Marshall Wace LLP now owns 540,973 shares of the electronics maker’s stock worth $5,783,000 after purchasing an additional 104,937 shares in the last quarter. Marshall Wace North America L.P. bought a new position in shares of LG Display in the second quarter valued at approximately $208,000. Corient Capital Partners LLC boosted its position in shares of LG Display by 33.0% in the second quarter. Corient Capital Partners LLC now owns 26,488 shares of the electronics maker’s stock valued at $283,000 after acquiring an additional 6,576 shares during the period. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of LG Display by 1,005.5% in the second quarter. Schonfeld Strategic Advisors LLC now owns 242,098 shares of the electronics maker’s stock valued at $2,588,000 after acquiring an additional 220,198 shares during the period. Hedge funds and other institutional investors own 2.54% of the company’s stock.

LG Display Company Profile

LG Display Co, Ltd. engages in the manufacture and sale of thin film transistor and organic light-emitting diode display (OLED) products. Its products include television, commercial, monitor, notebook, mobile, auto, and OLED display. The company was founded on February 28, 1985 and is headquartered in Seoul, South Korea.

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