LG Display (NYSE:LPL) Shares Gap Up – Should You Buy?

Shares of LG Display Co., Ltd. (NYSE:LPL) gapped up prior to trading on Friday . The stock had previously closed at $4.23, but opened at $4.41. LG Display shares last traded at $4.4640, with a volume of 361,332 shares traded.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LPL. Zacks Research raised shares of LG Display from a “strong sell” rating to a “hold” rating in a research report on Monday, March 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Finally, Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

LG Display Stock Performance

The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 2.04 and a beta of 1.56. The stock’s fifty day moving average is $4.19 and its two-hundred day moving average is $4.45. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 1.14.

LG Display (NYSE:LPL) last issued its earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. The firm had revenue of $4.61 billion for the quarter. LG Display had a return on equity of 3.26% and a net margin of 0.98%. On average, analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently added to or reduced their stakes in LPL. Arrowstreet Capital Limited Partnership acquired a new position in LG Display during the third quarter worth $7,862,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in LG Display by 114.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock worth $10,174,000 after buying an additional 1,040,826 shares during the last quarter. Millennium Management LLC increased its holdings in LG Display by 92.1% during the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after buying an additional 372,199 shares during the last quarter. Corient Private Wealth LLC increased its holdings in LG Display by 125.0% during the fourth quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock worth $2,667,000 after buying an additional 352,248 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in LG Display by 792.0% during the third quarter. Two Sigma Investments LP now owns 175,839 shares of the electronics maker’s stock worth $918,000 after buying an additional 156,126 shares during the last quarter.

LG Display Company Profile

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.