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

Shares of LG Display Co., Ltd. (NYSE:LPL) have been given an average recommendation of “Reduce” by the five ratings firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company.

A number of equities research analysts have commented on LPL shares. Wall Street Zen raised LG Display from a “hold” rating to a “buy” rating in a research note on Sunday, February 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of LG Display in a research report on Thursday, January 22nd. Finally, Zacks Research downgraded shares of LG Display from a “hold” rating to a “strong sell” rating in a report on Thursday, January 29th.

Hedge Funds Weigh In On LG Display

Hedge funds have recently added to or reduced their stakes in the stock. Ausdal Financial Partners Inc. purchased a new stake in shares of LG Display in the fourth quarter worth approximately $43,000. Savant Capital LLC bought a new stake in LG Display during the third quarter worth $54,000. Creative Planning purchased a new stake in LG Display in the 2nd quarter valued at $39,000. Mercer Global Advisors Inc. ADV bought a new position in LG Display during the 3rd quarter valued at $63,000. Finally, Cetera Investment Advisers bought a new position in LG Display during the 4th quarter valued at $52,000.

LG Display Trading Down 8.5%

LPL opened at $4.55 on Wednesday. The company has a fifty day moving average price of $4.31 and a two-hundred day moving average price of $4.53. LG Display has a 1-year low of $2.43 and a 1-year high of $5.67. The company has a market cap of $4.55 billion, a P/E ratio of 23.95, a price-to-earnings-growth ratio of 0.70 and a beta of 1.48. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14.

LG Display (NYSE:LPL) last issued its 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 firm had revenue of $4.61 billion during the quarter. 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.