LG Display (NYSE:LPL) Sets New 52-Week High - What's Next?

Key Points

• LG Display's stock reached a new 52-week high of $5.46, with a trading volume of 431,606 shares.
• Analysts have mixed ratings on LG Display, with Weiss Ratings maintaining a "sell (d-)" rating, while UBS upgraded it to "neutral."
• The company reported negative earnings per share of $0.62, missing consensus estimates, along with a revenue of $4.09 billion surpassing forecasts of $3.85 billion.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $5.46 and last traded at $5.46, with a volume of 431606 shares changing hands. The stock had previously closed at $5.38.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on LPL shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of LG Display in a research report on Saturday, September 27th. UBS Group upgraded LG Display from a "sell" rating to a "neutral" rating in a research note on Tuesday, September 23rd. Finally, Morgan Stanley raised shares of LG Display from an "underweight" rating to an "equal weight" rating in a report on Wednesday, June 11th. Four research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, LG Display currently has an average rating of "Reduce".

LG Display Price Performance

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 company has a market capitalization of $5.46 billion, a price-to-earnings ratio of -13.00, a PEG ratio of 0.32 and a beta of 1.49. The stock's 50-day simple moving average is $4.51 and its two-hundred day simple moving average is $3.64.

LG Display (NYSE:LPL - Get Free Report) last announced its earnings results 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 firm had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.85 billion. LG Display had a negative net margin of 2.25% and a negative return on equity of 7.60%. Equities research analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Millennium Management LLC raised its position in LG Display by 21.2% in the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker's stock valued at $64,000 after purchasing an additional 3,661 shares during the period. Two Sigma Advisers LP purchased a new stake in shares of LG Display during the 4th quarter worth $32,000. GAMMA Investing LLC increased its holdings in LG Display by 1,380.7% in the first 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 last quarter. Rhumbline Advisers raised its stake in LG Display by 2.3% in the first quarter. Rhumbline Advisers now owns 363,341 shares of the electronics maker's stock valued at $1,130,000 after buying an additional 8,144 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of LG Display by 22.9% during the 1st quarter. Blue Trust Inc. now owns 67,474 shares of the electronics maker's stock worth $210,000 after acquiring an additional 12,573 shares in the last quarter.

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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