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

LG Display Co., Ltd. (NYSE:LPL) has earned an average recommendation of “Reduce” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company.

A number of brokerages recently commented on LPL. Wall Street Zen raised shares of LG Display from a “hold” rating to a “buy” rating in a report on Monday, May 12th. Bank of America assumed coverage on shares of LG Display in a research note on Thursday, April 24th. They issued a “neutral” rating for the company. Morgan Stanley raised shares of LG Display from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, June 11th. Finally, UBS Group lowered shares of LG Display from a “neutral” rating to a “sell” rating in a research report on Wednesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fragasso Financial Advisors Inc purchased a new stake in shares of LG Display during the first quarter worth about $32,000. Two Sigma Advisers LP acquired a new position in LG Display in the 4th quarter valued at about $32,000. Creative Planning acquired a new position in LG Display in the 2nd quarter valued at about $39,000. MGO One Seven LLC acquired a new position in shares of LG Display in the 2nd quarter worth approximately $40,000. Finally, BSW Wealth Partners acquired a new position in shares of LG Display in the 1st quarter worth approximately $42,000.

LG Display Stock Performance

LPL stock opened at $4.44 on Wednesday. The stock has a market capitalization of $4.44 billion, a PE ratio of -2.49, a price-to-earnings-growth ratio of 0.25 and a beta of 1.44. LG Display has a 12-month low of $2.43 and a 12-month high of $4.97. The company has a current ratio of 0.64, a quick ratio of 0.46 and a debt-to-equity ratio of 0.98. The stock’s 50 day simple moving average is $3.65 and its 200 day simple moving average is $3.29.

LG Display (NYSE:LPL) last announced its earnings results on Thursday, May 15th. The electronics maker reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.38). LG Display had a negative net margin of 7.17% and a negative return on equity of 24.14%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.33 billion. As a group, research analysts forecast that LG Display will post 0.59 earnings per share for the current fiscal year.

LG Display Company Profile

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.