LG Display Co., Ltd. (NYSE:LPL) Given Average Rating of “Reduce” by Analysts

LG Display Co., Ltd. (NYSE:LPL) has earned an average recommendation of “Reduce” from the five research firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company.

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded LG Display from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd.

Hedge Funds Weigh In On LG Display

Several institutional investors have recently added to or reduced their stakes in the stock. Savant Capital LLC bought a new stake in LG Display in the third quarter worth about $54,000. Creative Planning purchased a new stake in shares of LG Display during the 2nd quarter worth approximately $39,000. MGO One Seven LLC bought a new stake in shares of LG Display in the 2nd quarter worth approximately $40,000. Mercer Global Advisors Inc. ADV bought a new stake in shares of LG Display in the 3rd quarter worth approximately $63,000. Finally, Fragasso Financial Advisors Inc purchased a new position in LG Display in the third quarter valued at approximately $67,000.

LG Display Price Performance

LPL opened at $3.84 on Friday. LG Display has a 1 year low of $2.43 and a 1 year high of $5.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.62 and a quick ratio of 0.37. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 20.21, a P/E/G ratio of 0.54 and a beta of 1.54. The firm’s fifty day moving average price is $4.25 and its two-hundred day moving average price is $4.46.

LG Display (NYSE:LPL) last released its quarterly earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.41). LG Display had a net margin of 0.98% and a return on equity of 3.29%. The firm had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5 billion. As a group, analysts anticipate that LG Display will post 0.59 earnings per share for the current fiscal year.

About LG Display

LG Display Co, Ltd., headquartered in Seoul, South Korea, is a global manufacturer of thin-film transistor liquid crystal display (TFT-LCD) and organic light-emitting diode (OLED) panels. The company designs and produces display solutions for a wide range of applications, including televisions, desktop monitors, notebook computers, tablets, smartphones, signage and automotive screens. Its product offerings span large-screen television modules, ultra-high definition monitors, flexible and transparent OLED displays, and specialized industrial panels.

LG Display operates a network of production facilities and research centers across Asia, including major manufacturing sites in Paju and Gumi, South Korea, as well as Wuhan, China.