Shares of LG Display Co Ltd. (NYSE:LPL) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $16.00.
LPL has been the subject of a number of analyst reports. ValuEngine raised LG Display from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 15th. Zacks Investment Research downgraded LG Display from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. CLSA raised LG Display from an “underperform” rating to an “outperform” rating in a report on Tuesday, January 23rd. Finally, Morgan Stanley raised LG Display from an “underweight” rating to an “overweight” rating in a report on Tuesday, January 23rd.
Institutional investors and hedge funds have recently modified their holdings of the stock. KCS Wealth Advisory bought a new position in LG Display during the 4th quarter worth approximately $156,000. Ameriprise Financial Inc. lifted its holdings in LG Display by 39.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 15,293 shares of the electronics maker’s stock worth $246,000 after buying an additional 4,325 shares during the last quarter. Advisor Group Inc. lifted its holdings in LG Display by 2,754.1% during the 4th quarter. Advisor Group Inc. now owns 25,573 shares of the electronics maker’s stock worth $353,000 after buying an additional 24,677 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in LG Display during the 3rd quarter worth approximately $383,000. Finally, Stevens Capital Management LP bought a new position in LG Display during the 3rd quarter worth approximately $415,000. 3.33% of the stock is owned by hedge funds and other institutional investors.
Shares of LG Display (LPL) traded up $0.01 on Friday, reaching $13.07. The company had a trading volume of 562,153 shares, compared to its average volume of 824,342. The stock has a market capitalization of $9,480.00, a P/E ratio of 5.51, a P/E/G ratio of 0.76 and a beta of 0.68. LG Display has a 1 year low of $12.29 and a 1 year high of $17.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.17 and a quick ratio of 0.90.
LG Display (NYSE:LPL) last issued its quarterly earnings results on Tuesday, January 23rd. The electronics maker reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.20). The business had revenue of $6.41 billion during the quarter. LG Display had a net margin of 6.61% and a return on equity of 12.40%. sell-side analysts anticipate that LG Display will post 1.19 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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