ValuEngine Lowers LG Display (NYSE:LPL) to Buy

ValuEngine downgraded shares of LG Display (NYSE:LPL) from a strong-buy rating to a buy rating in a report issued on Thursday, ValuEngine reports.

A number of other analysts have also weighed in on LPL. Nomura raised shares of LG Display from a neutral rating to a buy rating in a report on Thursday, July 23rd. Zacks Investment Research raised shares of LG Display from a hold rating to a strong-buy rating and set a $4.75 target price on the stock in a report on Thursday, May 28th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $4.75.

Shares of LPL stock traded down $0.11 during trading on Thursday, reaching $5.31. 218,619 shares of the company’s stock traded hands, compared to its average volume of 361,623. The company has a market capitalization of $3.80 billion, a P/E ratio of -1.53 and a beta of 0.98. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 0.94. The firm’s 50-day moving average is $5.09 and its 200 day moving average is $5.19. LG Display has a 1 year low of $3.63 and a 1 year high of $7.14.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Friday, May 15th. The electronics maker reported ($0.22) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.43) by $0.21. The company had revenue of $3.78 billion for the quarter, compared to analysts’ expectations of $4.11 billion. LG Display had a negative net margin of 13.40% and a negative return on equity of 23.58%. As a group, sell-side analysts predict that LG Display will post -1.07 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of LPL. Tower Research Capital LLC TRC bought a new position in shares of LG Display in the 1st quarter worth $45,000. Sontag Advisory LLC bought a new position in shares of LG Display in the 1st quarter worth $47,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of LG Display in the 1st quarter worth $87,000. JustInvest LLC bought a new position in shares of LG Display in the 1st quarter worth $99,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of LG Display by 24.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 29,682 shares of the electronics maker’s stock worth $133,000 after buying an additional 5,902 shares during the last quarter. 2.48% of the stock is currently owned by hedge funds and other institutional investors.

LG Display Company Profile

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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