LG Display Co Ltd. (NYSE:LPL) Receives Consensus Recommendation of “Hold” from Analysts

LG Display Co Ltd. (NYSE:LPL) has been assigned an average rating of “Hold” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company.

LPL has been the topic of a number of analyst reports. TheStreet downgraded LG Display from a “c-” rating to a “d+” rating in a research report on Monday, August 5th. Zacks Investment Research downgraded LG Display from a “hold” rating to a “strong sell” rating in a research report on Friday, August 23rd. Finally, ValuEngine upgraded LG Display from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st.

LG Display stock traded up $0.08 during trading on Friday, reaching $6.10. 13,665 shares of the company were exchanged, compared to its average volume of 302,958. LG Display has a 52-week low of $5.08 and a 52-week high of $9.81. The company has a market capitalization of $4.01 billion, a P/E ratio of -23.46 and a beta of 0.88. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.88 and a quick ratio of 0.63. The stock’s 50 day simple moving average is $5.82 and its two-hundred day simple moving average is $7.06.

LG Display (NYSE:LPL) last announced its quarterly earnings data on Wednesday, August 14th. The electronics maker reported ($0.66) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.65) by ($0.01). LG Display had a negative return on equity of 2.89% and a negative net margin of 1.79%. The company had revenue of $4.59 billion for the quarter, compared to analysts’ expectations of $4.54 billion. As a group, equities analysts forecast that LG Display will post -1.34 earnings per share for the current year.

A number of large investors have recently bought and sold shares of LPL. Parametric Portfolio Associates LLC raised its position in LG Display by 23.9% in the first quarter. Parametric Portfolio Associates LLC now owns 1,877,619 shares of the electronics maker’s stock valued at $16,241,000 after purchasing an additional 362,688 shares during the period. FNY Investment Advisers LLC purchased a new stake in shares of LG Display in the 2nd quarter valued at $3,956,000. Quadrant Capital Group LLC raised its holdings in shares of LG Display by 44.5% in the 2nd quarter. Quadrant Capital Group LLC now owns 61,743 shares of the electronics maker’s stock valued at $477,000 after buying an additional 19,029 shares during the period. AGF Investments Inc. raised its holdings in shares of LG Display by 49.5% in the 2nd quarter. AGF Investments Inc. now owns 301,992 shares of the electronics maker’s stock valued at $2,340,000 after buying an additional 100,000 shares during the period. Finally, Mizuho Securities Co. Ltd. raised its holdings in shares of LG Display by 487.8% in the 2nd quarter. Mizuho Securities Co. Ltd. now owns 24,659 shares of the electronics maker’s stock valued at $191,000 after buying an additional 20,464 shares during the period. Institutional investors own 2.78% of the company’s stock.

LG Display Company Profile

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

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Analyst Recommendations for LG Display (NYSE:LPL)

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