LG Display Co Ltd. (LPL) Receives Consensus Recommendation of “Hold” from Analysts

Shares of LG Display Co Ltd. (NYSE:LPL) have earned a consensus rating of “Hold” from the ten brokerages that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $15.00.

A number of equities research analysts recently weighed in on the stock. HSBC raised shares of LG Display from a “hold” rating to a “buy” rating in a research note on Wednesday, July 25th. Morgan Stanley downgraded shares of LG Display from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 18th. TheStreet downgraded shares of LG Display from a “b-” rating to a “c+” rating in a research note on Tuesday, May 29th. ValuEngine downgraded shares of LG Display from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 22nd. Finally, Bank of America downgraded shares of LG Display to an “underperform” rating in a research note on Wednesday, April 25th.

Several hedge funds have recently bought and sold shares of the business. Regal Investment Advisors LLC bought a new position in shares of LG Display in the second quarter worth approximately $123,000. Signaturefd LLC bought a new position in shares of LG Display in the first quarter worth approximately $150,000. A.R.T. Advisors LLC bought a new position in shares of LG Display in the first quarter worth approximately $156,000. BlackRock Inc. bought a new position in shares of LG Display in the second quarter worth approximately $347,000. Finally, Stevens Capital Management LP bought a new position in shares of LG Display in the second quarter worth approximately $520,000. 3.12% of the stock is currently owned by hedge funds and other institutional investors.

LPL traded down $0.02 on Tuesday, reaching $9.72. The company had a trading volume of 466,435 shares, compared to its average volume of 865,994. The company has a market capitalization of $6.97 billion, a P/E ratio of 4.05 and a beta of 0.75. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.04 and a quick ratio of 0.79. LG Display has a 52-week low of $7.77 and a 52-week high of $15.88.

LG Display (NYSE:LPL) last announced its earnings results on Tuesday, May 15th. The electronics maker reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.18). The company had revenue of $5.28 billion during the quarter. LG Display had a net margin of 4.31% and a return on equity of 7.69%. equities analysts anticipate that LG Display will post -0.58 earnings per share for the current year.

About LG Display

LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display and organic light-emitting diode (OLED) technology-based display panels in the Republic of Korea, China, Europe, rest of Asia, the United States, and internationally. It offers various display panels primarily for use in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.

Further Reading: Outstanding Shares and The Effect on Share Price

Analyst Recommendations for LG Display (NYSE:LPL)

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