LG Display Co Ltd. (NYSE:LPL) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. Three analysts have rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $16.00.
A number of research firms have weighed in on LPL. Zacks Investment Research lowered LG Display from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Cowen set a $16.00 price objective on LG Display and gave the company a “buy” rating in a research note on Monday, October 23rd. Finally, Nomura reiterated a “neutral” rating on shares of LG Display in a research note on Thursday, October 19th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Aperio Group LLC grew its position in shares of LG Display by 20.0% during the 3rd quarter. Aperio Group LLC now owns 887,040 shares of the electronics maker’s stock valued at $11,904,000 after acquiring an additional 147,601 shares during the period. Parametric Portfolio Associates LLC grew its position in shares of LG Display by 17.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 736,779 shares of the electronics maker’s stock valued at $11,840,000 after acquiring an additional 110,776 shares during the period. Northern Trust Corp grew its position in shares of LG Display by 13.1% during the 2nd quarter. Northern Trust Corp now owns 415,899 shares of the electronics maker’s stock valued at $6,684,000 after acquiring an additional 48,334 shares during the period. Assetmark Inc. acquired a new stake in shares of LG Display during the 3rd quarter valued at about $4,970,000. Finally, Schwab Charles Investment Management Inc. grew its position in shares of LG Display by 10.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 361,200 shares of the electronics maker’s stock valued at $4,848,000 after acquiring an additional 33,400 shares during the period. Institutional investors and hedge funds own 4.04% of the company’s stock.
LG Display (NYSE LPL) traded up $0.08 during midday trading on Friday, hitting $14.26. The company’s stock had a trading volume of 895,262 shares, compared to its average volume of 817,464. The stock has a market cap of $10,240.00, a price-to-earnings ratio of 4.24, a P/E/G ratio of 0.66 and a beta of 0.47. LG Display has a twelve month low of $11.91 and a twelve month high of $17.05. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.40 and a quick ratio of 1.07.
LG Display (NYSE:LPL) last released its quarterly earnings data on Wednesday, October 25th. The electronics maker reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.06. LG Display had a return on equity of 18.21% and a net margin of 10.02%. sell-side analysts expect that LG Display will post 2.57 earnings per share for the current year.
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About LG Display
LG Display Co, Ltd. manufactures thin-film transistor liquid crystal display, organic light emitting diode and other display panel technologies. The Company manufactures display panels in a range of sizes and specifications primarily for use in televisions, notebook computers, desktop monitors, tablet computers and various other applications, including mobile devices.
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