LG Display (NYSE:LPL) Shares Gap Up - Still a Buy?

Key Points

• LG Display's shares opened at $4.79 after previously closing at $4.50, finishing the day at $4.93 with a trading volume of 341,688 shares.
• Analyst ratings are mixed, with UBS downgrading the stock to a "sell" rating while Morgan Stanley upgraded it to "equal weight", leading to a consensus rating of "Reduce".
• LG Display reported earnings of $0.62 per share, missing estimates of $0.69, but exceeding revenue expectations with $4.09 billion for the quarter.

LG Display Co., Ltd. (NYSE:LPL - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $4.50, but opened at $4.79. LG Display shares last traded at $4.93, with a volume of 341,688 shares trading hands.

Analysts Set New Price Targets

LPL has been the topic of several analyst reports. UBS Group lowered LG Display from a "neutral" rating to a "sell" rating in a research note on Wednesday, August 13th. Morgan Stanley upgraded LG Display from an "underweight" rating to an "equal weight" rating in a research note on Wednesday, June 11th. Three investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce".

LG Display Price Performance

The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of -11.52, a P/E/G ratio of 0.28 and a beta of 1.41. The stock has a fifty day simple moving average of $4.11 and a 200-day simple moving average of $3.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37.

LG Display (NYSE:LPL - Get Free Report) last posted 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 business had revenue of $4.09 billion during the quarter, compared to analysts' expectations of $3.85 billion. On average, equities research analysts anticipate that LG Display Co., Ltd. will post 0.59 EPS for the current year.

Hedge Funds Weigh In On LG Display

A number of hedge funds have recently modified their holdings of LPL. Northern Trust Corp boosted its holdings in LG Display by 28.7% during the 4th quarter. Northern Trust Corp now owns 68,631 shares of the electronics maker's stock valued at $211,000 after acquiring an additional 15,290 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in shares of LG Display during the 4th quarter worth about $122,000. Millennium Management LLC increased its position in LG Display by 21.2% during the fourth quarter. Millennium Management LLC now owns 20,900 shares of the electronics maker's stock worth $64,000 after buying an additional 3,661 shares during the period. Two Sigma Advisers LP acquired a new position in LG Display during the fourth quarter worth approximately $32,000. Finally, Public Employees Retirement System of Ohio increased its position in LG Display by 8.3% during the fourth quarter. Public Employees Retirement System of Ohio now owns 213,136 shares of the electronics maker's stock worth $654,000 after buying an additional 16,277 shares during the period.

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.