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

Key Points

• Analysts' consensus: "Reduce" — Five firms covering LG Display give a consensus "Reduce" rating, comprising two sell and three hold recommendations.
• Weak recent results and outlook — LG Display reported a loss of ($0.14) EPS on $4.61 billion in revenue last quarter, with a net margin of 0.98% and weak liquidity (current ratio 0.73), while analysts project ~0.59 EPS for the fiscal year.
• Valuation and investor activity — Shares opened at $4.04 with a market cap near $4.04 billion and a 12‑month range of $2.43–$5.67; several institutional investors (notably Millennium) increased their holdings in the latest quarter.

Shares of LG Display Co., Ltd. (NYSE:LPL - Get Free Report) have been given a consensus rating of "Reduce" by the five ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company.

Several equities research analysts have commented on LPL shares. Zacks Research lowered shares of LG Display from a "hold" rating to a "strong sell" rating in a research report on Thursday, January 29th. Wall Street Zen downgraded shares of 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 research note on Thursday, January 22nd.

LG Display Stock Down 0.9%

LPL opened at $4.04 on Friday. 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 12 month low of $2.43 and a 12 month high of $5.67. The stock has a market capitalization of $4.04 billion, a P/E ratio of 21.24, a P/E/G ratio of 1.83 and a beta of 1.48. The business has a 50 day simple moving average of $4.25 and a 200-day simple moving average of $4.51.

LG Display (NYSE:LPL - Get Free Report) last announced its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. The business 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, equities analysts anticipate that LG Display will post 0.59 earnings per share for the current fiscal year.

Institutional Investors Weigh In On LG Display

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC boosted its stake in shares of LG Display by 26.8% during the 4th quarter. Corient Private Wealth LLC now owns 357,160 shares of the electronics maker's stock worth $1,504,000 after acquiring an additional 75,438 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in LG Display in the 4th quarter valued at approximately $116,000. XTX Topco Ltd raised its holdings in LG Display by 17.5% during the fourth quarter. XTX Topco Ltd now owns 53,660 shares of the electronics maker's stock worth $226,000 after purchasing an additional 7,980 shares during the last quarter. Millennium Management LLC boosted its position 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 purchasing an additional 372,199 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in LG Display by 68.1% during the fourth quarter. AQR Capital Management LLC now owns 61,729 shares of the electronics maker's stock worth $260,000 after purchasing an additional 25,017 shares in 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.

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