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

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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPL. Arrowstreet Capital Limited Partnership bought a new stake in shares of LG Display during the 3rd quarter worth approximately $7,862,000. Connor Clark & Lunn Investment Management Ltd. raised its position in LG Display by 114.6% during 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 purchasing an additional 1,040,826 shares in the last quarter. Millennium Management LLC lifted its stake in LG Display by 92.1% during the fourth quarter. Millennium Management LLC now owns 776,354 shares of the electronics maker’s stock worth $3,268,000 after purchasing an additional 372,199 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of LG Display by 125.0% in the 4th quarter. Corient Private Wealth LLC now owns 633,970 shares of the electronics maker’s stock valued at $2,667,000 after purchasing an additional 352,248 shares in the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of LG Display by 12.0% in the 2nd quarter. American Century Companies Inc. now owns 1,510,470 shares of the electronics maker’s stock valued at $5,166,000 after purchasing an additional 161,409 shares in the last quarter.

LG Display Stock Down 9.4%

LPL stock opened at $5.06 on Wednesday. LG Display has a 1-year low of $2.43 and a 1-year high of $5.67. The business’s 50 day simple moving average is $4.28 and its 200 day simple moving average is $4.53. The company has a current ratio of 0.73, a quick ratio of 0.46 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $5.06 billion, a PE ratio of 26.61, a PEG ratio of 0.78 and a beta of 1.54.

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

LG Display Company Profile

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.