Analysts Set LG Display Co Ltd. (NYSE:LPL) Price Target at $4.75
Shares of LG Display Co Ltd. (NYSE:LPL) have earned a consensus recommendation of “Strong Buy” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a buy rating and two have issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $4.75.
A number of brokerages recently issued reports on LPL. Zacks Investment Research raised LG Display from a “hold” rating to a “strong-buy” rating and set a $4.75 price objective on the stock in a report on Thursday, May 28th. ValuEngine raised LG Display from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 3rd.
Shares of NYSE:LPL traded up $0.03 during trading on Thursday, hitting $4.79. 223,800 shares of the company were exchanged, compared to its average volume of 409,327. LG Display has a 52-week low of $3.63 and a 52-week high of $7.75. The stock has a 50 day moving average of $4.59 and a 200 day moving average of $5.46. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.91 and a quick ratio of 0.70. The company has a market cap of $3.43 billion, a PE ratio of -1.35 and a beta of 0.99.
Several large investors have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in shares of LG Display by 0.8% in the 4th quarter. State Street Corp now owns 373,522 shares of the electronics maker’s stock valued at $2,592,000 after acquiring an additional 2,886 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of LG Display by 14.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 23,780 shares of the electronics maker’s stock valued at $165,000 after purchasing an additional 2,936 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in shares of LG Display during the 1st quarter valued at about $45,000. Sontag Advisory LLC bought a new position in shares of LG Display during the 1st quarter valued at about $47,000. Finally, Pinnacle Wealth Planning Services Inc. bought a new position in shares of LG Display during the 1st quarter valued at about $87,000. 2.48% of the stock is currently owned by hedge funds and other institutional investors.
LG Display Company Profile
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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