Posted by admin on Jul 22nd, 2022
Shares of LG Display Co., Ltd. (NYSE:LPL – Get Rating) have earned an average rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company.
LPL has been the topic of a number of research analyst reports. Morgan Stanley downgraded shares of LG Display from an “equal weight” rating to an “underweight” rating in a research report on Wednesday, April 27th. JPMorgan Chase & Co. downgraded shares of LG Display from a “neutral” rating to an “underweight” rating in a research report on Thursday, April 28th. Bank of America downgraded shares of LG Display from a “buy” rating to an “underperform” rating in a research report on Monday, April 4th. Finally, StockNews.com downgraded shares of LG Display from a “buy” rating to a “hold” rating in a research report on Friday, May 6th.
Shares of LPL opened at $6.00 on Friday. The company’s 50 day moving average price is $6.28 and its 200 day moving average price is $7.44. LG Display has a 52 week low of $5.43 and a 52 week high of $10.78. The company has a quick ratio of 0.61, a current ratio of 0.90 and a debt-to-equity ratio of 0.56.
LG Display (NYSE:LPL – Get Rating) last announced its quarterly earnings data on Monday, May 16th. The electronics maker reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). LG Display had a net margin of 3.58% and a return on equity of 7.37%. The company had revenue of $5.37 billion for the quarter, compared to analysts’ expectations of $5.08 billion.
Large investors have recently modified their holdings of the company. Glassman Wealth Services boosted its holdings in shares of LG Display by 111.1% during the 4th quarter. Glassman Wealth Services now owns 3,291 shares of the electronics maker’s stock worth $33,000 after buying an additional 1,732 shares during the period. Alera Investment Advisors LLC bought a new stake in shares of LG Display during the 1st quarter worth $85,000. Yousif Capital Management LLC acquired a new position in LG Display during the 4th quarter valued at $112,000. CAPROCK Group Inc. acquired a new position in LG Display during the 1st quarter valued at $123,000. Finally, Bank of Nova Scotia acquired a new position in LG Display during the 1st quarter valued at $137,000. 2.46% of the stock is owned by institutional investors.
LG Display Co, Ltd. engages in the design, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels. Its TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, mobile devices, and automotive displays.
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