LG Display (NYSE:LPL) Sees Large Volume Increase - Should You Buy?

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares saw an uptick in trading volume on Monday . 244,625 shares traded hands during mid-day trading, an increase of 17% from the previous session's volume of 209,405 shares.The stock last traded at $3.50 and had previously closed at $3.61.

Analysts Set New Price Targets

Several research firms have recently issued reports on LPL. Morgan Stanley raised shares of LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. Wall Street Zen raised shares of LG Display from a "hold" rating to a "buy" rating in a research report on Monday, May 12th. Finally, Bank of America began coverage on shares of LG Display in a research report on Thursday, April 24th. They issued a "neutral" rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".

LG Display Stock Performance

The stock's fifty day moving average is $3.24 and its two-hundred day moving average is $3.18. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of -1.94, a price-to-earnings-growth ratio of 0.54 and a beta of 1.44. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.46 and a current ratio of 0.64.

LG Display (NYSE:LPL - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.33 billion. LG Display had a negative net margin of 7.17% and a negative return on equity of 24.14%. Analysts forecast that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Institutional Investors Weigh In On LG Display

A number of large investors have recently added to or reduced their stakes in the company. Generali Investments CEE investicni spolecnost a.s. acquired a new position in LG Display during the 4th quarter worth $428,000. Natural Investments LLC acquired a new position in LG Display during the 4th quarter worth $94,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in LG Display by 5.4% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,371,287 shares of the electronics maker's stock worth $4,210,000 after acquiring an additional 70,081 shares in the last quarter. Corient Private Wealth LLC grew its holdings in LG Display by 42.7% during the 4th quarter. Corient Private Wealth LLC now owns 148,385 shares of the electronics maker's stock worth $456,000 after acquiring an additional 44,429 shares in the last quarter. Finally, PDS Planning Inc grew its holdings in LG Display by 16.7% during the 4th quarter. PDS Planning Inc now owns 23,782 shares of the electronics maker's stock worth $73,000 after acquiring an additional 3,401 shares in the last quarter.

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.

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.