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.
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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