LG Display (NYSE:LPL) Downgraded by Citigroup to Sell

Citigroup cut shares of LG Display (NYSE:LPL) from a buy rating to a sell rating in a research report report published on Thursday morning, Marketbeat Ratings reports.

Other equities research analysts have also recently issued research reports about the company. Morgan Stanley upgraded LG Display from an “equal weight” rating to an “overweight” rating in a research note on Monday, September 16th. StockNews.com lowered shares of LG Display from a “buy” rating to a “hold” rating in a research report on Monday. Finally, JPMorgan Chase & Co. downgraded shares of LG Display from an “overweight” rating to a “neutral” rating in a research report on Wednesday.

LG Display Stock Down 0.8 %

Shares of LG Display stock traded down $0.03 on Thursday, hitting $3.68. The company had a trading volume of 46,232 shares, compared to its average volume of 330,337. LG Display has a twelve month low of $3.45 and a twelve month high of $5.66. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.68 and a quick ratio of 0.47. The stock has a 50-day moving average of $3.95 and a 200-day moving average of $3.98. The firm has a market capitalization of $3.68 billion, a P/E ratio of -1.52 and a beta of 1.37.

LG Display (NYSE:LPL) last announced its 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). LG Display had a negative return on equity of 21.29% and a negative net margin of 8.18%. The company had revenue of $4.89 billion during the quarter. Research analysts predict that LG Display will post -0.5 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Blue Trust Inc. raised its stake 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 in the last quarter. Sunbelt Securities Inc. bought a new stake in LG Display during the first quarter worth $32,000. Sequoia Financial Advisors LLC lifted its stake in LG Display by 69.8% in the first quarter. Sequoia Financial Advisors LLC now owns 88,760 shares of the electronics maker’s stock valued at $364,000 after acquiring an additional 36,483 shares during the last quarter. PDS Planning Inc grew its position in shares of LG Display by 20.3% in the 1st quarter. PDS Planning Inc now owns 31,333 shares of the electronics maker’s stock valued at $128,000 after acquiring an additional 5,290 shares during the period. Finally, BNP Paribas Financial Markets grew its position in shares of LG Display by 101.2% in 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.

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.