LG Display (NYSE:LPL) Receives "Sell (D-)" Rating from Weiss Ratings

Key Points

• LG Display's stock has been given a "sell (D-)" rating by Weiss Ratings, with a current average rating of "Reduce" from several analysts.
• The company reported a missed earnings per share estimate of $0.62 against a consensus of $0.69 for the last quarter, despite generating revenues of $4.09 billion, exceeding analyst expectations.
• Multiple hedge funds have significantly increased their holdings in LG Display, with Cerity Partners LLC growing its stake by 498.6% in the first quarter.

LG Display (NYSE:LPL - Get Free Report)'s stock had its "sell (d-)" rating restated by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

LPL has been the subject of several other research reports. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. UBS Group raised LG Display from a "sell" rating to a "neutral" rating in a research report on Tuesday, September 23rd. Four analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, LG Display currently has an average rating of "Reduce".

LG Display Price Performance

NYSE LPL opened at $5.50 on Wednesday. LG Display has a 1 year low of $2.43 and a 1 year high of $5.50. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.62. The stock has a market capitalization of $5.50 billion, a P/E ratio of -13.09, a P/E/G ratio of 0.30 and a beta of 1.49. The business's fifty day moving average is $4.57 and its two-hundred day moving average is $3.67.

LG Display (NYSE:LPL - Get Free Report) last issued its earnings results on Thursday, August 14th. The electronics maker reported $0.62 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.07). The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. On average, research analysts forecast that LG Display will post 0.59 earnings per share for the current fiscal year.

Hedge Funds Weigh In On LG Display

Institutional investors and hedge funds have recently modified their holdings of the stock. Cerity Partners LLC grew its holdings in shares of LG Display by 498.6% during the 1st quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker's stock valued at $400,000 after acquiring an additional 107,167 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in LG Display by 161.2% in the first quarter. Sequoia Financial Advisors LLC now owns 99,944 shares of the electronics maker's stock worth $311,000 after purchasing an additional 61,679 shares in the last quarter. Ethic Inc. boosted its holdings in LG Display by 87.7% in the first quarter. Ethic Inc. now owns 163,998 shares of the electronics maker's stock worth $505,000 after purchasing an additional 76,633 shares in the last quarter. Vident Advisory LLC boosted its holdings in LG Display by 46.2% in the first quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker's stock worth $1,220,000 after purchasing an additional 123,994 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in LG Display by 1,380.7% in the first quarter. GAMMA Investing LLC now owns 68,423 shares of the electronics maker's stock worth $213,000 after purchasing an additional 63,802 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.

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