Koninklijke Philips (NYSE:PHG) Given Average Rating of “Hold” by Brokerages

Shares of Koninklijke Philips (NYSE:PHG) have earned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company.

A number of research analysts recently weighed in on PHG shares. StockNews.com downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th.

Koninklijke Philips Stock Performance

Shares of PHG opened at $27.15 on Friday. Koninklijke Philips has a 52-week low of $19.49 and a 52-week high of $32.91. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $25.52 billion, a PE ratio of -64.64, a P/E/G ratio of 0.96 and a beta of 0.77. The company has a 50-day simple moving average of $29.40 and a 200-day simple moving average of $28.27.

Hedge Funds Weigh In On Koninklijke Philips

Institutional investors have recently modified their holdings of the company. Fairscale Capital LLC acquired a new stake in Koninklijke Philips in the second quarter worth about $54,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Koninklijke Philips in the 3rd quarter worth approximately $54,000. CWM LLC boosted its holdings in shares of Koninklijke Philips by 21.9% in the second quarter. CWM LLC now owns 3,429 shares of the technology company’s stock valued at $86,000 after acquiring an additional 616 shares in the last quarter. Eastern Bank acquired a new position in shares of Koninklijke Philips during the third quarter valued at approximately $88,000. Finally, Blue Trust Inc. raised its holdings in Koninklijke Philips by 902.7% during the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock worth $93,000 after purchasing an additional 3,331 shares in the last quarter. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.