LG Display Co Ltd. (NYSE:LPL) has been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $16.00.
A number of equities research analysts recently commented on LPL shares. Nomura reiterated a “neutral” rating on shares of LG Display in a research report on Thursday, October 19th. Zacks Investment Research downgraded LG Display from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Finally, Cowen set a $16.00 price objective on LG Display and gave the stock a “buy” rating in a research note on Monday, October 23rd.
A number of hedge funds and other institutional investors have recently modified their holdings of LPL. BNP Paribas Arbitrage SA increased its stake in LG Display by 13.0% during the second quarter. BNP Paribas Arbitrage SA now owns 7,444 shares of the electronics maker’s stock worth $120,000 after acquiring an additional 857 shares during the last quarter. KCS Wealth Advisory bought a new stake in LG Display during the fourth quarter worth approximately $156,000. Cubist Systematic Strategies LLC bought a new stake in LG Display during the second quarter worth approximately $168,000. Quantitative Systematic Strategies LLC bought a new stake in LG Display during the third quarter worth approximately $175,000. Finally, Citadel Advisors LLC bought a new stake in LG Display during the second quarter worth approximately $241,000. 4.04% of the stock is currently owned by institutional investors.
LG Display (NYSE:LPL) last posted its earnings results on Wednesday, October 25th. The electronics maker reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. LG Display had a return on equity of 18.21% and a net margin of 10.02%. analysts anticipate that LG Display will post 2.57 EPS for the current fiscal 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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