LG Display Co., Ltd. (NYSE:LPL) Given Average Rating of "Reduce" by Analysts

Key Points

• LG Display Co., Ltd. has received an average broker rating of "Reduce", with two analysts issuing sell recommendations and three recommending a hold on the stock.
• The company's recent earnings report showed an EPS of $0.62, which missed consensus estimates, and a revenue of $4.09 billion that surpassed expectations.
• LG Display's stock performance includes a current trading price of $4.46, while its 12-month low and high are $2.43 and $4.97 respectively.

Shares of LG Display Co., Ltd. (NYSE:LPL - Get Free Report) have been assigned an average recommendation of "Reduce" from the five analysts that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company.

A number of research firms have commented on LPL. UBS Group lowered LG Display from a "neutral" rating to a "sell" rating in a research note on Wednesday, August 13th. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, June 11th.

Hedge Funds Weigh In On LG Display

Several large investors have recently made changes to their positions in LPL. First Trust Advisors LP acquired a new position in shares of LG Display during the fourth quarter valued at $106,000. Northern Trust Corp lifted its stake in shares of LG Display by 28.7% during the fourth quarter. Northern Trust Corp now owns 68,631 shares of the electronics maker's stock valued at $211,000 after acquiring an additional 15,290 shares during the period. D. E. Shaw & Co. Inc. acquired a new position in shares of LG Display during the fourth quarter valued at $122,000. Ethic Inc. lifted its stake in shares of LG Display by 8.4% during the fourth quarter. Ethic Inc. now owns 87,365 shares of the electronics maker's stock valued at $268,000 after acquiring an additional 6,802 shares during the period. Finally, Laird Norton Wetherby Trust Company LLC acquired a new position in shares of LG Display during the fourth quarter valued at $129,000.

LG Display Price Performance

LG Display stock traded up $0.10 on Friday, reaching $4.46. The company's stock had a trading volume of 540,857 shares, compared to its average volume of 542,769. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.37 and a current ratio of 0.62. The company has a market cap of $4.46 billion, a price-to-earnings ratio of -10.62, a PEG ratio of 0.26 and a beta of 1.41. The business's fifty day moving average price is $4.00 and its 200 day moving average price is $3.44. LG Display has a twelve month low of $2.43 and a twelve month high of $4.97.

LG Display (NYSE:LPL - Get Free Report) last posted its quarterly earnings data on Thursday, August 14th. The electronics maker reported $0.62 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.07). The business had revenue of $4.09 billion during the quarter, compared to analyst estimates of $3.85 billion. LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%. Equities analysts expect 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.