LG Display (NYSE:LPL) Rating Lowered to "Sell" at UBS Group

Key Points

• LG Display was downgraded by UBS Group from a "neutral" rating to a "sell" rating, indicating a bearish outlook on the stock.
• Despite the downgrade, LG Display's stock rose by 20.3%, trading at $4.91 with a market capitalization of $4.91 billion.
• The company reported a quarterly earnings loss of ($0.18) EPS, missing analyst estimates, with a revenue of $4.17 billion against a forecast of $4.33 billion.

LG Display (NYSE:LPL - Get Free Report) was downgraded by UBS Group from a "neutral" rating to a "sell" rating in a report issued on Wednesday, MarketBeat Ratings reports.

LPL has been the topic of a number of other reports. Bank of America started coverage on LG Display in a report on Thursday, April 24th. They set a "neutral" rating on the stock. Morgan Stanley upgraded shares of LG Display from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, June 11th. Finally, Wall Street Zen raised shares of LG Display from a "hold" rating to a "buy" rating in a report on Monday, May 12th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, LG Display presently has an average rating of "Hold".

LG Display Stock Down 0.5%

LG Display stock traded down $0.02 during mid-day trading on Wednesday, reaching $4.42. The stock had a trading volume of 506,837 shares, compared to its average volume of 525,806. LG Display has a one year low of $2.43 and a one year high of $4.97. The company has a 50-day moving average price of $3.67 and a two-hundred day moving average price of $3.30. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of -10.52, a PEG ratio of 0.26 and a beta of 1.44. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.64 and a quick ratio of 0.46.

LG Display (NYSE:LPL - Get Free Report) last issued its earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.07). LG Display had a negative return on equity of 7.49% and a negative net margin of 2.25%. The firm had revenue of $4.09 billion during the quarter, compared to the consensus estimate of $3.85 billion. On average, analysts expect that LG Display will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of LG Display by 12.0% during the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker's stock valued at $5,166,000 after buying an additional 161,409 shares in the last quarter. Vident Advisory LLC lifted its holdings in LG Display by 46.2% during the first quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker's stock valued at $1,220,000 after purchasing an additional 123,994 shares in the last quarter. Rhumbline Advisers lifted its holdings in LG Display by 3.4% during the second quarter. Rhumbline Advisers now owns 375,539 shares of the electronics maker's stock valued at $1,284,000 after purchasing an additional 12,198 shares in the last quarter. Ethic Inc. boosted its position in shares of LG Display by 58.3% in the second quarter. Ethic Inc. now owns 259,673 shares of the electronics maker's stock worth $904,000 after purchasing an additional 95,675 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of LG Display by 46.7% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 258,161 shares of the electronics maker's stock worth $883,000 after purchasing an additional 82,207 shares in the last quarter.

LG Display Company Profile

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.