LG Display (NYSE:LPL) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of LG Display (NYSE:LPL) from a buy rating to a hold rating in a research note published on Tuesday.

Several other brokerages also recently commented on LPL. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. Citigroup downgraded LG Display from a “buy” rating to a “sell” rating in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut LG Display from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 23rd.

LG Display Price Performance

LG Display stock opened at $3.26 on Tuesday. The firm has a market capitalization of $3.26 billion, a P/E ratio of -1.86 and a beta of 1.33. The business has a 50-day moving average of $3.35 and a 200-day moving average of $3.81. The company has a current ratio of 0.65, a quick ratio of 0.43 and a debt-to-equity ratio of 1.03. LG Display has a 1 year low of $3.05 and a 1 year high of $5.66.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of LG Display by 27.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,301,206 shares of the electronics maker’s stock worth $5,270,000 after acquiring an additional 283,441 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of LG Display in the 3rd quarter valued at about $797,000. Blue Trust Inc. lifted its holdings in shares of LG Display by 546.6% in the third quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker’s stock valued at $756,000 after purchasing an additional 155,030 shares in the last quarter. Renaissance Technologies LLC acquired a new position in shares of LG Display during the second quarter worth about $468,000. Finally, American Century Companies Inc. grew its holdings in shares of LG Display by 5.7% during the second quarter. American Century Companies Inc. now owns 1,170,801 shares of the electronics maker’s stock worth $4,824,000 after buying an additional 63,080 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.