Koninklijke Philips (NYSE:PHG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Koninklijke Philips (NYSE:PHG) from a hold rating to a buy rating in a report released on Thursday morning.

Several other analysts have also recently weighed in on the stock. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. UBS Group upgraded Koninklijke Philips from a “neutral” rating to a “buy” rating in a report on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Koninklijke Philips Stock Performance

Shares of PHG stock opened at $25.04 on Thursday. The stock’s fifty day simple moving average is $26.25 and its 200 day simple moving average is $28.16. Koninklijke Philips has a one year low of $19.55 and a one year 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.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.94%. The firm had revenue of $5.38 billion during the quarter, compared to analyst estimates of $5.10 billion. On average, equities analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Koninklijke Philips

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Colonial Trust Co SC increased its holdings in Koninklijke Philips by 724.0% in the fourth quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company’s stock valued at $36,000 after purchasing an additional 1,238 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Koninklijke Philips in the 3rd quarter valued at about $54,000. Farther Finance Advisors LLC raised its position in shares of Koninklijke Philips by 37.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock valued at $54,000 after acquiring an additional 582 shares during the period. Whipplewood Advisors LLC acquired a new stake in shares of Koninklijke Philips in the 4th quarter valued at approximately $55,000. Finally, Millstone Evans Group LLC bought a new position in Koninklijke Philips during the 4th quarter worth approximately $60,000. 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.