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

Key Points

• LG Display Co., Ltd. has received an average rating of "Reduce" from five ratings firms, with two analysts recommending a sell and three a hold.
• The company's stock recently traded up 20.3%, reaching $4.91, despite reporting quarterly earnings that missed analysts' expectations.
• LG Display's recent financial results revealed a negative earnings per share of ($0.18) and revenue of $4.17 billion, below the expected $4.33 billion.

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

LPL has been the subject of several analyst reports. Wall Street Zen upgraded shares of LG Display from a "hold" rating to a "buy" rating in a research note on Monday, May 12th. Morgan Stanley upgraded shares of LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. UBS Group lowered shares of LG Display from a "neutral" rating to a "sell" rating in a research note on Wednesday. Finally, Bank of America began coverage on LG Display in a report on Thursday, April 24th. They issued a "neutral" rating for the company.

LG Display Trading Up 20.3%

NYSE:LPL traded up $0.83 during midday trading on Wednesday, hitting $4.91. The stock had a trading volume of 1,613,342 shares, compared to its average volume of 256,823. LG Display has a one year low of $2.43 and a one year high of $4.97. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of -2.76, a PEG ratio of 0.25 and a beta of 1.44. The stock has a 50-day moving average of $3.57 and a 200 day moving average of $3.26. The company has a quick ratio of 0.46, a current ratio of 0.64 and a debt-to-equity ratio of 0.98.

LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The electronics maker reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). LG Display had a negative return on equity of 24.14% and a negative net margin of 7.17%. The business had revenue of $4.17 billion during the quarter, compared to analysts' expectations of $4.33 billion. As a group, sell-side analysts forecast that LG Display will post 0.59 EPS for the current year.

Institutional Trading of LG Display

Hedge funds have recently bought and sold shares of the business. Fragasso Financial Advisors Inc acquired a new position in LG Display during the first quarter worth $32,000. Two Sigma Advisers LP acquired a new position in shares of LG Display during the 4th quarter valued at about $32,000. Creative Planning purchased a new stake in shares of LG Display in the second quarter valued at about $39,000. MGO One Seven LLC acquired a new stake in LG Display during the second quarter worth about $40,000. Finally, XTX Topco Ltd acquired a new position in LG Display in the 2nd quarter valued at about $46,000.

About LG Display

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.

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