LG Display Co Ltd. (NYSE:LPL)’s share price rose 5.5% on Friday . The company traded as high as $7.99 and last traded at $7.91. Approximately 628,446 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 788,202 shares. The stock had previously closed at $7.50.
LPL has been the subject of a number of recent analyst reports. HSBC raised LG Display from a “hold” rating to a “buy” rating in a research report on Wednesday, July 25th. Morgan Stanley lowered LG Display from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 18th. Finally, Zacks Investment Research raised LG Display from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. LG Display currently has a consensus rating of “Hold” and an average target price of $15.00.
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The company has a debt-to-equity ratio of 0.37, a current ratio of 0.99 and a quick ratio of 0.75. The stock has a market capitalization of $6.20 billion, a price-to-earnings ratio of 3.30 and a beta of 0.88.
LG Display (NYSE:LPL) last issued its earnings results on Tuesday, August 14th. The electronics maker reported ($0.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.31). LG Display had a return on equity of 0.97% and a net margin of 0.56%. The business had revenue of $5.22 billion during the quarter. Analysts anticipate that LG Display Co Ltd. will post -0.63 earnings per share for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPL. Schwab Charles Investment Management Inc. increased its position in shares of LG Display by 29.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 456,035 shares of the electronics maker’s stock valued at $5,519,000 after purchasing an additional 102,477 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of LG Display during the 1st quarter valued at about $904,000. A.R.T. Advisors LLC purchased a new stake in shares of LG Display during the 1st quarter valued at about $156,000. Jane Street Group LLC increased its position in shares of LG Display by 16.0% during the 1st quarter. Jane Street Group LLC now owns 156,364 shares of the electronics maker’s stock valued at $1,892,000 after purchasing an additional 21,568 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its position in shares of LG Display by 294.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 47,430 shares of the electronics maker’s stock valued at $574,000 after purchasing an additional 35,393 shares during the last quarter. 3.01% of the stock is owned by hedge funds and other institutional investors.
LG Display Company Profile (NYSE:LPL)
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.
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