LG Display (NYSE:LPL) Shares Down 2.9% - Here's Why

Key Points

• Shares of LG Display Co., Ltd. (NYSE:LPL) fell by 2.9%, trading at a low of $4.77 and experiencing a decline in trading volume by 61% compared to the average.
• Recent analyst ratings for LG Display show mixed reviews, with Morgan Stanley upgrading to "equal weight," while UBS downgraded to "sell," leading to a current consensus rating of "Reduce."
• The company's latest earnings report revealed a $0.62 EPS, missing estimates, despite a revenue of $4.09 billion compared to a consensus of $3.85 billion.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) was down 2.9% on Wednesday . The company traded as low as $4.77 and last traded at $4.82. Approximately 118,480 shares were traded during mid-day trading, a decline of 61% from the average daily volume of 306,173 shares. The stock had previously closed at $4.96.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LPL shares. UBS Group lowered LG Display from a "neutral" rating to a "sell" rating in a research note on Wednesday, August 13th. Morgan Stanley raised LG Display from an "underweight" rating to an "equal weight" rating in a research report on Wednesday, June 11th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, LG Display has a consensus rating of "Reduce".

LG Display Price Performance

The company has a current ratio of 0.62, a quick ratio of 0.37 and a debt-to-equity ratio of 1.06. The company has a market cap of $4.79 billion, a PE ratio of -11.40, a P/E/G ratio of 0.28 and a beta of 1.41. The firm has a 50 day moving average of $4.14 and a two-hundred day moving average of $3.49.

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

Hedge Funds Weigh In On LG Display

A number of institutional investors have recently bought and sold shares of LPL. Two Sigma Advisers LP bought a new position in LG Display in the 4th quarter worth $32,000. Fragasso Financial Advisors Inc purchased a new stake in LG Display in the 1st quarter worth $32,000. Creative Planning purchased a new stake in LG Display in the 2nd quarter worth $39,000. MGO One Seven LLC purchased a new stake in LG Display in the 2nd quarter worth $40,000. Finally, BSW Wealth Partners purchased a new stake in LG Display in the 1st quarter worth $42,000.

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.