LG Display Co., Ltd (NYSE:LPL – Get Ratings ) has earned an average rating of “Hold” from the six research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock.
Several analysts recently commented on the company. TheStreet cut LG Display from a “c-” rating to a “d+” rating in a research report on Wednesday, September 7th. StockNews.com began coverage on LG Display in a research note on Wednesday, October 12th. They assign a “hold” rating to the stock. Finally, Morgan Stanley upgraded LG Display from an “underweight” rating to an “overweight” rating in a research note on Tuesday, October 4th.
LG Display stock performance
Shares of LPL stock opened at $5.05 on Friday. LG Display has a 1 year low of $4.08 and a 1 year high of $10.78. The stock has a market cap of $3.61 billion, a PE ratio of -4.72 and a beta of 1.44. The company’s debt-to-equity ratio is 0.71, quick ratio is 0.49, and current ratio is 0.79. The stock has a 50-day simple moving average of $5.15 and a 200-day simple moving average of $5.54.
LG Display (NYSE:LPL – Get Ratings ) last posted its earnings results on Monday, November 14th. The electronics maker reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.36) by ($0.46). The business generated $5.06 billion in revenue for the quarter. LG Display had a negative net margin of 3.35% and a negative return on equity of 6.40%. On average, analysts expect that LG Display will post -1.81 earnings per share for the current fiscal year.
Institutional investors weigh in on LG Display
Several large investors have recently added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in shares of LG Display by 82.7% during the 1st quarter. BlackRock Inc. now owns 779,380 shares of the electronics maker’s stock valued at $6,438,000 after buying an additional 352,719 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd increased its position in LG Display by 126.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 267,565 shares of the electronics maker’s stock valued at $1,092,000 after buying an additional 149,248 shares in the last quarter. Cerity Partners LLC acquired a new position in LG Display during the 2nd quarter valued at $392,000. State Street Corp raised its stake in LG Display by 7.2% in the 1st quarter. State Street Corp now owns 621,462 shares of the electronics maker’s stock valued at $5,133,000 after purchasing an additional 41,759 shares in the last quarter. Finally, Verity Management LLC boosted its stake in shares of LG Display by 21.6% in the 2nd quarter. Verity Management LLC now owns 209,394 shares of the electronics maker’s stock valued at $1,168,000 after buying an additional 37,136 shares during the last quarter. 2.39% of the stock is owned by institutional investors and hedge funds.
Introduction to LG Display
LG Display Co., Ltd. is engaged in the design, manufacture and sale of display panels based on thin film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology. Its display panels based on TFT-LCD and OLED technology are commonly used in televisions, laptops, desktop monitors, tablet computers, mobile devices, and automotive displays.
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