LG Display Co., Ltd. (NYSE:LPL) Given Average Rating of “Hold” by Analysts

LG Display Co., Ltd. (NYSE:LPL – Get Rating) has received an average rating of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company.

Several brokerages recently issued reports on LPL. Bank of America lowered shares of LG Display from a “buy” rating to an “underperform” rating in a research note on Monday, April 4th. Zacks Investment Research downgraded shares of LG Display from a “hold” rating to a “sell” rating in a report on Wednesday, April 6th. StockNews.com cut shares of LG Display from a “buy” rating to a “hold” rating in a research report on Friday, April 8th. Finally, CLSA raised shares of LG Display from an “underperform” rating to a “buy” rating in a research note on Monday, January 3rd.

LPL opened at $7.72 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 0.94 and a debt-to-equity ratio of 0.59. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 4.62, a PEG ratio of 0.32 and a beta of 1.20. LG Display has a twelve month low of $7.25 and a twelve month high of $12.31. The company’s 50-day moving average price is $7.89 and its two-hundred day moving average price is $8.53.

LG Display (NYSE:LPL – Get Rating) last posted its earnings results on Tuesday, March 8th. The electronics maker reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.71 by ($0.42). LG Display had a return on equity of 8.88% and a net margin of 4.19%. The firm had revenue of $7.44 billion for the quarter, compared to the consensus estimate of $7.30 billion. As a group, sell-side analysts anticipate that LG Display will post 0.75 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management increased its stake in LG Display by 39.5% in the first quarter. Ritholtz Wealth Management now owns 94,458 shares of the electronics maker’s stock valued at $780,000 after purchasing an additional 26,736 shares during the last quarter. CAPROCK Group Inc. bought a new stake in shares of LG Display in the 1st quarter worth approximately $123,000. Veriti Management LLC increased its position in LG Display by 8.0% in the 1st quarter. Veriti Management LLC now owns 172,258 shares of the electronics maker’s stock valued at $1,423,000 after acquiring an additional 12,794 shares during the period. Pacer Advisors Inc. increased its position in shares of LG Display by 67.4% during the 1st quarter. Pacer Advisors Inc. now owns 67,754 shares of the electronics maker’s stock valued at $560,000 after purchasing an additional 27,289 shares during the period. Finally, BlackRock Inc. increased its position in shares of LG Display by 150.2% during the 4th quarter. BlackRock Inc. now owns 426,661 shares of the electronics maker’s stock valued at $4,310,000 after purchasing an additional 256,112 shares during the period. 2.36% of the stock is currently owned by hedge funds and other institutional investors.

LG Display Company Profile (Get Rating)

LG Display Co, Ltd. engages in the design, 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.

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