LG Display (NYSE:LPL) Hits New 1-Year High - Here's Why

Key Points

• LG Display shares reached a new 52-week high, trading at $5.30, reflecting a 3.2% increase from the previous close of $5.09.
• Analysts have recently upgraded their ratings for LG Display, with UBS raising it from "sell" to "neutral" and Morgan Stanley moving it from "underweight" to "equal weight".
• The company reported quarterly earnings of $0.62 per share, missing the consensus estimate, but had a revenue of $4.09 billion, exceeding expectations.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $5.30 and last traded at $5.28, with a volume of 84367 shares traded. The stock had previously closed at $5.09.

Analysts Set New Price Targets

LPL has been the topic of several analyst reports. UBS Group upgraded LG Display from a "sell" rating to a "neutral" rating in a report on Tuesday, September 23rd. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. Four analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Reduce".

LG Display Stock Up 3.2%

The firm has a 50 day simple moving average of $4.30 and a two-hundred day simple moving average of $3.55. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $5.26 billion, a P/E ratio of -12.51, a PEG ratio of 0.30 and a beta of 1.41.

LG Display (NYSE:LPL - Get Free Report) last released its earnings results on Thursday, August 14th. The electronics maker reported $0.62 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.07). LG Display had a negative return on equity of 7.60% and a negative net margin of 2.25%.The business had revenue of $4.09 billion for the quarter, compared to the consensus estimate of $3.85 billion. On average, equities research analysts expect that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Institutional Trading of LG Display

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northern Trust Corp grew its stake in shares of LG Display by 28.7% in the 4th quarter. Northern Trust Corp now owns 68,631 shares of the electronics maker's stock valued at $211,000 after buying an additional 15,290 shares during the period. Millennium Management LLC grew its stake in shares of LG Display by 21.2% in the 4th quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker's stock valued at $64,000 after buying an additional 3,661 shares during the period. Two Sigma Advisers LP acquired a new stake in shares of LG Display in the 4th quarter valued at about $32,000. Public Employees Retirement System of Ohio grew its stake in shares of LG Display by 8.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 213,136 shares of the electronics maker's stock valued at $654,000 after buying an additional 16,277 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of LG Display by 1,380.7% in the 1st quarter. GAMMA Investing LLC now owns 68,423 shares of the electronics maker's stock valued at $213,000 after buying an additional 63,802 shares during the period.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.