LG Display (NYSE:LPL) Downgraded to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of LG Display (NYSE:LPL) from an overweight rating to a neutral rating in a research note released on Wednesday morning, MarketBeat.com reports.

Other research analysts also recently issued reports about the company. StockNews.com downgraded LG Display from a “buy” rating to a “hold” rating in a report on Monday. Morgan Stanley raised shares of LG Display from an “equal weight” rating to an “overweight” rating in a report on Monday, September 16th.

LG Display Trading Up 2.7 %

LG Display stock opened at $3.87 on Wednesday. LG Display has a 12 month low of $3.45 and a 12 month high of $5.66. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of -1.59 and a beta of 1.37. The business’s fifty day simple moving average is $3.96 and its two-hundred day simple moving average is $3.98. The company has a current ratio of 0.68, a quick ratio of 0.47 and a debt-to-equity ratio of 1.12.

LG Display (NYSE:LPL) last issued its earnings results on Wednesday, August 14th. The electronics maker reported ($0.74) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.37) by ($0.37). LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. The firm had revenue of $4.89 billion during the quarter. As a group, equities analysts predict that LG Display will post -0.5 earnings per share for the current fiscal year.

Institutional Trading of LG Display

A number of hedge funds have recently bought and sold shares of LPL. Blue Trust Inc. lifted its stake in shares of LG Display by 546.6% in 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. purchased a new position in LG Display during the first quarter valued at approximately $32,000. Sequoia Financial Advisors LLC increased its stake in shares of LG Display by 69.8% in the first quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock worth $364,000 after purchasing an additional 36,483 shares in the last quarter. PDS Planning Inc raised its position in shares of LG Display by 20.3% during the 1st quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock valued at $128,000 after purchasing an additional 5,290 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of 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 buying an additional 40,035 shares in 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.