LG Display Co., Ltd. (NYSE:LPL) Given Consensus Recommendation of “Reduce” by Brokerages

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

A number of analysts recently commented on the company. Zacks Research lowered LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Finally, Wall Street Zen cut LG Display from a “buy” rating to a “hold” rating in a report on Saturday, March 7th.

Hedge Funds Weigh In On LG Display

Institutional investors and hedge funds have recently bought and sold shares of the stock. Verdence Capital Advisors LLC grew its stake in shares of LG Display by 14.6% during the third quarter. Verdence Capital Advisors LLC now owns 16,125 shares of the electronics maker’s stock valued at $80,000 after acquiring an additional 2,060 shares in the last quarter. Plan A Wealth LLC lifted its stake in shares of LG Display by 21.4% in the third quarter. Plan A Wealth LLC now owns 13,002 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 2,296 shares in the last quarter. CWM LLC lifted its stake in shares of LG Display by 14.4% in the fourth quarter. CWM LLC now owns 27,617 shares of the electronics maker’s stock worth $116,000 after acquiring an additional 3,469 shares in the last quarter. Diversified Trust Co. boosted its holdings in LG Display by 34.1% in the fourth quarter. Diversified Trust Co. now owns 18,576 shares of the electronics maker’s stock valued at $78,000 after purchasing an additional 4,723 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in LG Display by 4.2% in the fourth quarter. Ieq Capital LLC now owns 120,985 shares of the electronics maker’s stock valued at $509,000 after purchasing an additional 4,870 shares during the last quarter.

LG Display Price Performance

LG Display stock opened at $4.04 on Friday. The firm has a market capitalization of $4.04 billion, a PE ratio of 21.24, a P/E/G ratio of 1.83 and a beta of 1.48. LG Display has a 52 week low of $2.43 and a 52 week high of $5.67. The firm’s 50-day simple moving average is $4.25 and its 200 day simple moving average is $4.51. The company has a quick ratio of 0.46, a current ratio of 0.73 and a debt-to-equity ratio of 1.14.

LG Display (NYSE:LPL) last posted its earnings results on Friday, February 13th. The electronics maker reported ($0.14) earnings per share for the quarter. The business had revenue of $4.61 billion for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. On average, equities research analysts predict that LG Display will post 0.59 EPS 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.