LG Display Co., Ltd. (NYSE:LPL) Receives Average Rating of “Reduce” from Brokerages

Shares of LG Display Co., Ltd. (NYSE:LPL) have been given a consensus rating of “Reduce” by the five ratings firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company.

A number of equities analysts recently commented on LPL shares. Zacks Research upgraded LG Display from a “strong sell” rating to a “hold” rating in a report on Monday, March 30th. Wall Street Zen cut LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a report on Thursday, January 22nd.

Hedge Funds Weigh In On LG Display

A number of hedge funds and other institutional investors have recently bought and sold shares of LPL. Jane Street Group LLC grew its holdings in LG Display by 52.9% during the first quarter. Jane Street Group LLC now owns 58,648 shares of the electronics maker’s stock worth $182,000 after purchasing an additional 20,285 shares during the period. Creative Planning bought a new stake in shares of LG Display during the second quarter worth approximately $39,000. Rhumbline Advisers boosted its holdings in shares of LG Display by 3.4% during the second quarter. Rhumbline Advisers now owns 375,539 shares of the electronics maker’s stock worth $1,284,000 after acquiring an additional 12,198 shares during the period. XTX Topco Ltd bought a new stake in shares of LG Display during the second quarter worth approximately $46,000. Finally, CW Advisors LLC bought a new stake in shares of LG Display during the second quarter worth approximately $56,000.

LG Display Stock Up 4.6%

NYSE LPL opened at $5.09 on Thursday. The firm has a market cap of $5.09 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 2.21 and a beta of 1.56. The stock’s 50 day simple moving average is $4.28 and its 200 day simple moving average is $4.44. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.73 and a quick ratio of 0.46. LG Display has a one year low of $2.72 and a one year high of $5.67.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. The company had revenue of $4.61 billion during the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. As a group, sell-side analysts forecast that LG Display will post 0.59 earnings per share for the current fiscal year.

About LG Display

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.