ValuEngine lowered shares of LG Display (NYSE:LPL) from a strong-buy rating to a buy rating in a research note published on Thursday morning, ValuEngine reports.

LPL has been the topic of several other reports. Nomura raised shares of LG Display from a neutral rating to a buy rating in a report on Thursday, July 23rd. Zacks Investment Research raised shares of LG Display from a hold rating to a strong-buy rating and set a $4.75 target price on the stock in a report on Thursday, May 28th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Buy and an average target price of $4.75.

LPL stock traded down $0.11 during mid-day trading on Thursday, hitting $5.31. 218,619 shares of the company were exchanged, compared to its average volume of 361,623. The business has a 50 day simple moving average of $5.09 and a 200-day simple moving average of $5.19. The company has a current ratio of 0.91, a quick ratio of 0.70 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $3.80 billion, a PE ratio of -1.53 and a beta of 0.98. LG Display has a 1-year low of $3.63 and a 1-year high of $7.14.

LG Display (NYSE:LPL) last issued its quarterly earnings data on Friday, May 15th. The electronics maker reported ($0.22) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.43) by $0.21. The firm had revenue of $3.78 billion during the quarter, compared to the consensus estimate of $4.11 billion. LG Display had a negative net margin of 13.40% and a negative return on equity of 23.58%. Equities research analysts expect that LG Display will post -1.07 earnings per share for the current year.

A number of large investors have recently made changes to their positions in LPL. Parametric Portfolio Associates LLC increased its stake in LG Display by 38.5% in the first quarter. Parametric Portfolio Associates LLC now owns 3,746,276 shares of the electronics maker’s stock valued at $16,633,000 after acquiring an additional 1,040,697 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in LG Display in the first quarter valued at approximately $503,000. Stifel Financial Corp acquired a new stake in LG Display in the fourth quarter valued at approximately $423,000. Ziegler Capital Management LLC acquired a new stake in LG Display in the first quarter valued at approximately $254,000. Finally, Two Sigma Investments LP acquired a new stake in LG Display in the first quarter valued at approximately $223,000. 2.48% of the stock is currently owned by institutional investors and hedge funds.

About LG Display

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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