LG Display (NYSE:LPL) Shares Gap Down - Should You Sell?

Key Points

• LG Display shares gapped down from a previous close of $5.06 to an opening of $4.87, currently trading at $4.93 with a volume of 169,730 shares.
• Analysts have mixed views on LG Display, with Weiss Ratings giving a "sell" rating and UBS upgrading it to "neutral," resulting in a consensus rating of "Reduce."
• In its latest quarterly report, LG Display reported $0.62 EPS, missing estimates of $0.69, and had a revenue of $4.09 billion, surpassing the forecasts of $3.85 billion.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $5.06, but opened at $4.87. LG Display shares last traded at $4.93, with a volume of 169,730 shares changing hands.

Analysts Set New Price Targets

LPL has been the subject of a number of analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of LG Display in a research report on Wednesday, October 8th. UBS Group raised shares of LG Display from a "sell" rating to a "neutral" rating in a research note on Tuesday, September 23rd. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Reduce".

LG Display Trading Down 2.7%

The firm has a market capitalization of $4.93 billion, a price-to-earnings ratio of -11.73, a price-to-earnings-growth ratio of 0.27 and a beta of 1.49. The firm's 50 day moving average is $4.81 and its 200 day moving average is $3.83. The company has a quick ratio of 0.37, a current ratio of 0.62 and a debt-to-equity ratio of 1.06.

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

Hedge Funds Weigh In On LG Display

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC lifted its holdings in shares of LG Display by 498.6% in the first quarter. Cerity Partners LLC now owns 128,662 shares of the electronics maker's stock valued at $400,000 after purchasing an additional 107,167 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in shares of LG Display by 161.2% in the first quarter. Sequoia Financial Advisors LLC now owns 99,944 shares of the electronics maker's stock worth $311,000 after purchasing an additional 61,679 shares in the last quarter. Ethic Inc. lifted its position in LG Display by 87.7% in the 1st quarter. Ethic Inc. now owns 163,998 shares of the electronics maker's stock worth $505,000 after buying an additional 76,633 shares in the last quarter. Vident Advisory LLC lifted its position in LG Display by 46.2% in the 1st quarter. Vident Advisory LLC now owns 392,350 shares of the electronics maker's stock worth $1,220,000 after buying an additional 123,994 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in LG Display by 21.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 106,695 shares of the electronics maker's stock worth $332,000 after buying an additional 18,610 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.