LG Display (NYSE:LPL) Upgraded to Hold at Zacks Research

LG Display (NYSE:LPL) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Other equities research analysts also recently issued reports about the stock. Wall Street Zen downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce”.

LG Display Stock Performance

Shares of LPL stock opened at $3.90 on Monday. The firm has a 50 day moving average of $4.21 and a 200-day moving average of $4.49. The company has a market cap of $3.90 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 1.71 and a beta of 1.48. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 1.14. LG Display has a 52 week low of $2.43 and a 52 week high of $5.67.

LG Display (NYSE:LPL) last released its earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share (EPS) for the quarter. The company had revenue of $4.61 billion for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. On average, equities analysts forecast that LG Display will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

A number of large investors have recently modified their holdings of LPL. Corient Private Wealth LLC grew its position in LG Display by 26.8% in the 4th quarter. Corient Private Wealth LLC now owns 357,160 shares of the electronics maker’s stock valued at $1,504,000 after purchasing an additional 75,438 shares during the period. EP Wealth Advisors LLC acquired a new position in LG Display during the fourth quarter worth $116,000. XTX Topco Ltd raised its holdings in LG Display by 17.5% during the fourth quarter. XTX Topco Ltd now owns 53,660 shares of the electronics maker’s stock worth $226,000 after buying an additional 7,980 shares during the last quarter. Millennium Management LLC lifted its stake in shares of LG Display by 92.1% in the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock valued at $3,268,000 after buying an additional 372,199 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of LG Display by 68.1% in the fourth quarter. AQR Capital Management LLC now owns 61,729 shares of the electronics maker’s stock valued at $260,000 after buying an additional 25,017 shares in the last quarter.

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.