According to Zacks, “LG Display Co., Ltd., formerly known as LG Philips LCD Co., Ltd., primarily manufactures and sells thin film transistor liquid crystal display (TFT-LCD) panels. The Company supplies its products to original equipment manufacturers and multinational corporations. LG Display offers TFT-LCD panels in a range of sizes and specifications primarily for use in televisions, notebook computers, and desktop monitors, as well as for handheld application products, such as mobile phones; and medium and large size panels for industrial and other applications, including entertainment systems, portable navigation devices, e-paper, digital photo displays, and medical diagnostic equipment. LG Display Co., Ltd. is based in Seoul, the Republic of Korea. “
Several other research analysts have also weighed in on the company. Daiwa Capital Markets upgraded LG Display from a “hold” rating to an “outperform” rating in a research report on Monday, September 21st. BidaskClub lowered LG Display from a “buy” rating to a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. LG Display presently has a consensus rating of “Buy” and an average target price of $9.50.
Shares of LG Display stock traded up $0.40 during mid-day trading on Wednesday, reaching $8.19. 281,843 shares of the stock traded hands, compared to its average volume of 386,258. The business has a 50-day moving average of $7.21 and a 200 day moving average of $6.22. LG Display has a fifty-two week low of $3.63 and a fifty-two week high of $8.49. The stock has a market capitalization of $5.86 billion, a PE ratio of -2.81 and a beta of 1.16. The company has a quick ratio of 0.76, a current ratio of 0.97 and a debt-to-equity ratio of 0.98.
LG Display (NYSE:LPL) last announced its earnings results on Monday, November 16th. The electronics maker reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.19. The business had revenue of $5.39 billion during the quarter, compared to analysts’ expectations of $5.82 billion. LG Display had a negative return on equity of 21.09% and a negative net margin of 10.96%. On average, equities research analysts expect that LG Display will post -0.81 EPS for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the company. Ethic Inc. bought a new position in shares of LG Display in the second quarter worth about $114,000. Bank of New York Mellon Corp bought a new position in shares of LG Display in the 2nd quarter worth $269,000. Marshall Wace LLP boosted its position in shares of LG Display by 33,346.9% in the 2nd quarter. Marshall Wace LLP now owns 601,709 shares of the electronics maker’s stock worth $2,906,000 after purchasing an additional 599,910 shares during the last quarter. Balentine LLC bought a new position in shares of LG Display in the 2nd quarter worth $47,000. Finally, Sei Investments Co. bought a new position in shares of LG Display in the 2nd quarter worth $90,000. Institutional investors and hedge funds own 2.24% of the company’s stock.
About LG Display
LG Display Co, Ltd. manufactures and sells thin-film transistor liquid crystal display (TFT-LCD) and organic light emitting diode (OLED) technology-based display panels in South Korea, China, rest of Asia, Poland, other European countries, and the United States. The company's TFT-LCD and OLED technology-based display panels are primarily used in televisions, notebook computers, desktop monitors, tablet computers, and mobile devices.
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