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

Key Points

• Zacks Research upgraded LG Display from “strong sell” to “hold,” while the overall analyst consensus remains “Reduce.”
• LG Display reported a quarterly loss of $0.27 per share, missing estimates by $0.14, though revenue of $3.74 billion exceeded expectations.
• The stock opened at $3.04, well below its 50-day and 200-day moving averages, with shares trading between $2.76 and $5.83 over the past year.

LG Display (NYSE:LPL - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a report released on Monday, Zacks reports.

Separately, Weiss Ratings upgraded LG Display from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Friday, August 14th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, LG Display has a consensus rating of "Reduce".

LG Display Stock Performance

Shares of LG Display stock opened at $3.04 on Monday. The business's fifty day simple moving average is $3.24 and its 200 day simple moving average is $3.97. The company has a current ratio of 0.63, a quick ratio of 0.37 and a debt-to-equity ratio of 0.96. LG Display has a 12 month low of $2.76 and a 12 month high of $5.83. The firm has a market capitalization of $3.04 billion, a P/E ratio of -3.34 and a beta of 1.71.

LG Display (NYSE:LPL - Get Free Report) last announced its earnings results on Friday, August 14th. The electronics maker reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by ($0.14). LG Display had a negative net margin of 5.26% and a negative return on equity of 19.82%. The business had revenue of $3.74 billion for the quarter, compared to analysts' expectations of $3.56 billion. As a group, analysts anticipate that LG Display will post -0.34 EPS for the current year.

Institutional Investors Weigh In On LG Display

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sequoia Financial Advisors LLC grew its holdings in shares of LG Display by 112.6% during the second quarter. Sequoia Financial Advisors LLC now owns 504,582 shares of the electronics maker's stock worth $1,963,000 after purchasing an additional 267,189 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in LG Display in the second quarter valued at approximately $647,000. Parallel Advisors LLC raised its stake in LG Display by 2,561,700.0% in the first quarter. Parallel Advisors LLC now owns 25,618 shares of the electronics maker's stock valued at $99,000 after purchasing an additional 25,617 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in LG Display during the first quarter valued at approximately $46,000. Finally, Simplicity Wealth LLC bought a new stake in LG Display during the first quarter valued at approximately $41,000.

LG Display Company Profile

LG Display Co, Ltd. is a South Korean display technology company that develops and manufactures display panels for televisions, monitors, notebook computers, mobile devices, automobiles and other applications. The company's product portfolio includes OLED and LCD panels, with OLED technologies serving premium television, automotive and mobile markets.

LG Display supplies display solutions to consumer electronics manufacturers and automotive companies worldwide. Its business is organized around applications such as large-size displays, small- and medium-size displays, automotive displays and IT products, including monitors and laptop panels.

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