LG Display (NYSE:LPL) Trading 7.2% Higher – Still a Buy?

LG Display Co., Ltd. (NYSE:LPL) shares traded up 7.2% during mid-day trading on Thursday . The company traded as high as $4.42 and last traded at $4.4150. 1,174,717 shares changed hands during trading, an increase of 50% from the average session volume of 781,312 shares. The stock had previously closed at $4.12.

Analysts Set New Price Targets

A number of research firms recently weighed in on LPL. Wall Street Zen lowered shares of LG Display from a “buy” rating to a “hold” rating in a research report on Saturday, February 14th. Zacks Research lowered shares of LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, LG Display has a consensus rating of “Reduce”.

LG Display Trading Up 6.9%

The company has a quick ratio of 0.44, a current ratio of 0.73 and a debt-to-equity ratio of 1.14. The firm has a market cap of $4.76 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 0.62 and a beta of 1.54. The firm’s 50-day simple moving average is $4.18 and its 200 day simple moving average is $4.49.

LG Display (NYSE:LPL) last released its 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 3.26%. The company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5 billion. As a group, analysts expect that LG Display Co., Ltd. will post 0.59 earnings per share for the current year.

Institutional Trading of LG Display

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC lifted its stake in shares of LG Display by 52.9% during the 1st quarter. Jane Street Group LLC now owns 58,648 shares of the electronics maker’s stock valued at $182,000 after buying an additional 20,285 shares in the last quarter. Yousif Capital Management LLC raised its holdings in LG Display by 47.4% during the 2nd quarter. Yousif Capital Management LLC now owns 16,340 shares of the electronics maker’s stock valued at $56,000 after acquiring an additional 5,255 shares during the period. Ethic Inc. lifted its position in shares of LG Display by 58.3% during the second quarter. Ethic Inc. now owns 259,673 shares of the electronics maker’s stock worth $904,000 after acquiring an additional 95,675 shares in the last quarter. Resonant Capital Advisors LLC bought a new position in shares of LG Display in the second quarter worth $47,000. Finally, Syverson Strege & Co purchased a new position in shares of LG Display in the second quarter valued at $47,000.

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.