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

LG Display (NYSE:LPL - Get Free Report) was downgraded by equities research analysts at Citigroup from a "buy" rating to a "sell" rating in a report issued on Thursday, MarketBeat.com reports.

A number of other equities research analysts have also issued reports on LPL. StockNews.com lowered shares of LG Display from a "buy" rating to a "hold" rating in a report on Monday. JPMorgan Chase & Co. downgraded shares of LG Display from an "overweight" rating to a "neutral" rating in a report on Wednesday. Finally, Morgan Stanley upgraded LG Display from an "equal weight" rating to an "overweight" rating in a report on Monday, September 16th.

LG Display Price Performance

NYSE LPL traded down $0.16 during trading hours on Thursday, hitting $3.70. 232,537 shares of the company's stock traded hands, compared to its average volume of 331,717. The company has a market capitalization of $3.70 billion, a PE ratio of -1.52 and a beta of 1.37. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. LG Display has a 52-week low of $3.45 and a 52-week high of $5.66. The firm's 50-day moving average is $3.95 and its 200-day moving average is $3.98.

LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.74) EPS for the quarter, missing analysts' consensus estimates of ($0.37) by ($0.37). The company had revenue of $4.89 billion for the quarter. LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. Equities analysts forecast that LG Display will post -0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. boosted its position in shares of LG Display by 546.6% during the 3rd quarter. Blue Trust Inc. now owns 183,391 shares of the electronics maker's stock worth $756,000 after purchasing an additional 155,030 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of LG Display in the first quarter valued at $32,000. Sequoia Financial Advisors LLC raised its holdings in shares of LG Display by 69.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker's stock valued at $364,000 after buying an additional 36,483 shares during the period. PDS Planning Inc lifted its stake in LG Display by 20.3% during the 1st quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker's stock worth $128,000 after acquiring an additional 5,290 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in LG Display by 101.2% during the 1st quarter. BNP Paribas Financial Markets now owns 79,582 shares of the electronics maker's stock valued at $326,000 after acquiring an additional 40,035 shares during the period.

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.