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

LG Display Co., Ltd. (NYSE:LPL – Get Rating) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company.

A number of analysts have issued reports on the company. Zacks Investment Research raised LG Display from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. StockNews.com lowered LG Display from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. lowered LG Display from a “neutral” rating to an “underweight” rating in a report on Thursday, April 28th. Morgan Stanley lowered LG Display from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, April 27th. Finally, Bank of America lowered LG Display from a “buy” rating to an “underperform” rating in a research note on Monday, April 4th.

Shares of LPL opened at $6.65 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.70 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 3.98, a PEG ratio of 0.29 and a beta of 1.28. The stock has a 50 day moving average of $7.58 and a 200 day moving average of $8.44. LG Display has a 12 month low of $6.29 and a 12 month high of $11.26.

LG Display (NYSE:LPL – Get Rating) last issued its quarterly earnings results on Tuesday, March 8th. The electronics maker reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.42). The business had revenue of $7.44 billion for the quarter, compared to analysts’ expectations of $7.30 billion. LG Display had a net margin of 4.19% and a return on equity of 8.88%. As a group, equities research analysts predict that LG Display will post 0.74 earnings per share for the current year.

The company also recently declared an annual dividend, which was paid on Tuesday, April 26th. Shareholders of record on Friday, December 31st were given a dividend of $0.185 per share. The ex-dividend date of this dividend was Thursday, December 30th. This represents a yield of 2.55%. LG Display’s payout ratio is 11.38%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC raised its position in LG Display by 3,313.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 191,106 shares of the electronics maker’s stock valued at $1,519,000 after purchasing an additional 185,508 shares in the last quarter. Yousif Capital Management LLC purchased a new stake in LG Display during the fourth quarter valued at about $112,000. Corient Capital Partners LLC raised its position in LG Display by 24.0% during the third quarter. Corient Capital Partners LLC now owns 32,837 shares of the electronics maker’s stock valued at $261,000 after purchasing an additional 6,349 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in LG Display during the third quarter valued at about $342,000. Finally, PDS Planning Inc raised its position in LG Display by 71.4% during the fourth quarter. PDS Planning Inc now owns 18,165 shares of the electronics maker’s stock valued at $183,000 after purchasing an additional 7,566 shares in the last quarter. Institutional investors and hedge funds own 2.46% of the company’s stock.

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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