LG Display Co., Ltd. (NYSE:LPL) Receives Consensus Rating of “Reduce” from Analysts

LG Display Co., Ltd. (NYSE:LPL) has been given an average recommendation of “Reduce” by the five analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating and three have issued a hold rating on the company.

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

Institutional Trading of LG Display

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in LG Display by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,826,043 shares of the electronics maker’s stock worth $19,973,000 after buying an additional 15,767 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of LG Display by 114.6% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,948,975 shares of the electronics maker’s stock valued at $10,174,000 after acquiring an additional 1,040,826 shares during the period. American Century Companies Inc. grew its stake in shares of LG Display by 12.0% in the second quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock worth $5,166,000 after acquiring an additional 161,409 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in LG Display during the third quarter worth $7,862,000. Finally, State Street Corp increased its position in LG Display by 5.1% during the fourth quarter. State Street Corp now owns 804,268 shares of the electronics maker’s stock worth $3,386,000 after acquiring an additional 38,755 shares during the period.

LG Display Stock Down 6.7%

LPL opened at $3.85 on Friday. The firm has a market cap of $3.85 billion, a P/E ratio of 20.24, a price-to-earnings-growth ratio of 1.87 and a beta of 1.48. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.46 and a current ratio of 0.73. The business has a 50 day moving average price of $4.24 and a 200 day moving average price of $4.50. LG Display has a twelve month low of $2.43 and a twelve month high of $5.67.

LG Display (NYSE:LPL) last announced its quarterly earnings results on Friday, February 13th. The electronics maker reported ($0.14) EPS for the quarter. LG Display had a net margin of 0.98% and a return on equity of 3.26%. The company had revenue of $4.61 billion for the quarter. Research analysts forecast that LG Display will post 0.59 EPS for the current 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.