LG Display (NYSE:LPL) Stock Rating Lowered by Citigroup

LG Display (NYSE:LPL) was downgraded by investment analysts at Citigroup from a “buy” rating to a “sell” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports.

Several other brokerages have also issued reports on LPL. StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Morgan Stanley raised LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. Finally, JPMorgan Chase & Co. lowered LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday.

LG Display Stock Performance

LPL stock opened at $3.64 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 1.12. LG Display has a twelve month low of $3.45 and a twelve month high of $5.66. The business’s fifty day moving average is $3.94 and its 200-day moving average is $3.98. The company has a market cap of $3.64 billion, a P/E ratio of -1.61 and a beta of 1.37.

LG Display (NYSE:LPL) last released its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share for the quarter, missing the consensus estimate of ($0.37) by ($0.37). The firm had revenue of $4.89 billion for the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. Equities research analysts forecast that LG Display will post -0.5 EPS for the current year.

Hedge Funds Weigh In On LG Display

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GAMMA Investing LLC raised its stake in shares of LG Display by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after purchasing an additional 2,363 shares during the period. Sunbelt Securities Inc. bought a new stake in LG Display in the 1st quarter valued at approximately $32,000. HB Wealth Management LLC acquired a new position in LG Display during the 1st quarter worth approximately $46,000. Drive Wealth Management LLC bought a new position in shares of LG Display during the 2nd quarter worth approximately $50,000. Finally, Caprock Group LLC acquired a new stake in shares of LG Display in the second quarter valued at approximately $50,000.

About LG Display

LG Display Co, Ltd., together with its subsidiaries, engages in the manufacture and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.