LG Display (NYSE:LPL) Reaches New 1-Year High – Should You Buy?

LG Display Co., Ltd. (NYSE:LPL) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $5.67 and last traded at $5.5650, with a volume of 230331 shares. The stock had previously closed at $5.35.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LPL. Zacks Research downgraded LG Display from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 29th. Wall Street Zen upgraded shares of LG Display from a “hold” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of LG Display in a research note on Thursday, January 22nd. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce”.

LG Display Stock Up 3.8%

The company’s 50 day moving average price is $4.23 and its two-hundred day moving average price is $4.51. 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 cap of $5.56 billion, a PE ratio of 29.19, a PEG ratio of 0.72 and a beta of 1.54.

LG Display (NYSE:LPL) last issued its earnings results on Wednesday, January 28th. The electronics maker reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.41). The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $5 billion. LG Display had a net margin of 0.98% and a return on equity of 3.26%. On average, equities research analysts expect that LG Display Co., Ltd. will post 0.59 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Ausdal Financial Partners Inc. acquired a new stake in LG Display during the fourth quarter worth $43,000. Savant Capital LLC purchased a new stake in LG Display in the 3rd quarter valued at about $54,000. Creative Planning acquired a new position in LG Display in the second quarter valued at about $39,000. Mercer Global Advisors Inc. ADV purchased a new position in LG Display during the third quarter worth about $63,000. Finally, Cetera Investment Advisers purchased a new stake in shares of LG Display in the 4th quarter valued at approximately $52,000.

About LG Display

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.