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

Shares of LG Display Co., Ltd. (NYSE:LPL) have received an average rating of “Reduce” from the five analysts that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

Several analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research report on Sunday. Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Finally, Zacks Research cut LG Display from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 29th.

LG Display Stock Up 5.0%

LG Display stock opened at $5.12 on Wednesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.73 and a quick ratio of 0.46. The stock has a market capitalization of $5.12 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 0.68 and a beta of 1.54. The business has a 50 day simple moving average of $4.21 and a 200-day simple moving average of $4.51. LG Display has a 12 month low of $2.43 and a 12 month high of $5.67.

LG Display (NYSE:LPL) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.41). The company had revenue of $5.06 billion during the quarter, compared to analyst estimates of $5 billion. LG Display had a net margin of 0.98% and a return on equity of 3.26%. On average, analysts anticipate that LG Display will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On LG Display

A number of hedge funds have recently modified their holdings of LPL. Creative Planning acquired a new position in LG Display during the second quarter worth about $39,000. Ausdal Financial Partners Inc. acquired a new position in shares of LG Display during the 4th quarter worth approximately $43,000. XTX Topco Ltd purchased a new stake in shares of LG Display in the second quarter valued at approximately $46,000. Syverson Strege & Co acquired a new stake in shares of LG Display in the second quarter valued at approximately $47,000. Finally, Resonant Capital Advisors LLC acquired a new stake in shares of LG Display in the second quarter valued at approximately $47,000.

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.