LG Display (NYSE:LPL) Lowered to “Sell” at Citigroup

Citigroup lowered shares of LG Display (NYSE:LPL) from a buy rating to a sell rating in a research note released on Thursday morning, MarketBeat reports.

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

LG Display Trading Down 2.7 %

Shares of NYSE:LPL opened at $3.61 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. The company’s 50-day moving average price is $3.94 and its 200 day moving average price is $3.98. The company has a market cap of $3.61 billion, a PE ratio of -1.49 and a beta of 1.37. LG Display has a fifty-two week low of $3.45 and a fifty-two week high of $5.66.

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

Hedge Funds Weigh In On LG Display

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in LG Display by 45.9% during the second quarter. GAMMA Investing LLC now owns 7,508 shares of the electronics maker’s stock valued at $31,000 after buying an additional 2,363 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of LG Display by 20.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 16,411 shares of the electronics maker’s stock valued at $67,000 after purchasing an additional 2,819 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of LG Display by 3.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 86,826 shares of the electronics maker’s stock worth $351,000 after purchasing an additional 3,172 shares during the last quarter. Alera Investment Advisors LLC raised its holdings in shares of LG Display by 32.2% in the 1st quarter. Alera Investment Advisors LLC now owns 14,431 shares of the electronics maker’s stock worth $59,000 after purchasing an additional 3,517 shares in the last quarter. Finally, Inspire Advisors LLC lifted its stake in LG Display by 11.6% during the second quarter. Inspire Advisors LLC now owns 36,903 shares of the electronics maker’s stock valued at $152,000 after purchasing an additional 3,825 shares during the last quarter.

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.