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

Key Points

• Shares gapped down Monday, opening at $4.29 after a $4.49 close and last trading around $4.3150 on volume of 540,533 shares, down about 2.3%.
• Analyst sentiment is weak-to-neutral: recent notes include a Zacks upgrade to Hold, Weiss Ratings' Sell, and Wall Street Zen lowering to Hold, with four Hold ratings and one Sell giving an average MarketBeat rating of Reduce.
• Fundamentals are mixed: LG Display posted a (-$0.14) EPS last quarter with a 0.98% net margin and 3.26% ROE, has a $4.39B market cap and 23.1 P/E, and analysts forecast ~0.59 EPS for the year.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $4.49, but opened at $4.29. LG Display shares last traded at $4.3150, with a volume of 540,533 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research upgraded LG Display from a "strong sell" rating to a "hold" rating in a research note on Monday, March 30th. Weiss Ratings restated a "sell (d-)" rating on shares of LG Display in a research note on Thursday, January 22nd. Finally, Wall Street Zen lowered LG Display from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Four investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Reduce".

LG Display Trading Down 2.3%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. The company has a market cap of $4.39 billion, a P/E ratio of 23.08, a price-to-earnings-growth ratio of 2.04 and a beta of 1.56. The stock has a 50-day moving average of $4.19 and a two-hundred day moving average of $4.45.

LG Display (NYSE:LPL - Get Free Report) last posted its quarterly earnings data on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. The company had revenue of $4.61 billion for the quarter. On average, equities research analysts predict that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Institutional Trading of LG Display

Institutional investors and hedge funds have recently modified their holdings of the business. Ausdal Financial Partners Inc. bought a new stake in shares of LG Display in the 4th quarter worth $43,000. Savant Capital LLC bought a new stake in shares of LG Display in the 3rd quarter worth $54,000. Creative Planning bought a new stake in shares of LG Display in the 2nd quarter worth $39,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of LG Display in the 3rd quarter worth $63,000. Finally, Cetera Investment Advisers bought a new stake in shares of LG Display in the 4th quarter worth $52,000.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.

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