Koninklijke Philips N.V. (PHG) – What Are Researchers Thinking About This Stock?

Koninklijke Philips N.V. (NYSE:PHG) has been assigned a consensus rating of “Hold” from the five research firms that are presently covering the firm, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation.

A number of brokerages have issued reports on PHG. UBS Group downgraded Koninklijke Philips from a “buy” rating to a “neutral” rating in a research note on Monday, August 3rd. Zacks Research raised shares of Koninklijke Philips from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. Finally, Weiss Ratings downgraded shares of Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, November 4th.

Institutional Trading of Koninklijke Philips

Several hedge funds have recently added to or reduced their stakes in PHG. Royal Bank of Canada increased its stake in shares of Koninklijke Philips by 13.1% during the 1st quarter. Royal Bank of Canada now owns 495,310 shares of the technology company’s stock worth $13,572,000 after purchasing an additional 57,514 shares during the last quarter. Bank of America Corp DE lifted its stake in Koninklijke Philips by 7.7% in the first quarter. Bank of America Corp DE now owns 700,141 shares of the technology company’s stock valued at $19,184,000 after purchasing an additional 50,124 shares during the last quarter. Baird Financial Group Inc. purchased a new position in Koninklijke Philips in the second quarter valued at approximately $1,160,000. Cetera Investment Advisers grew its holdings in Koninklijke Philips by 116.9% during the first quarter. Cetera Investment Advisers now owns 85,288 shares of the technology company’s stock valued at $2,337,000 after purchasing an additional 45,968 shares during the period. Finally, Diversified Management Inc. increased its position in Koninklijke Philips by 291.5% in the third quarter. Diversified Management Inc. now owns 66,750 shares of the technology company’s stock worth $1,631,000 after buying an additional 49,702 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Stock Performance

Shares of PHG opened at $30.37 on Wednesday. The stock has a 50 day moving average of $25.91 and a 200 day moving average of $27.26. The company has a market capitalization of $29.85 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 6.57 and a beta of 0.74. Koninklijke Philips has a 12 month low of $23.62 and a 12 month high of $33.44. The company has a current ratio of 1.33, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60.

About Koninklijke Philips

Koninklijke Philips N.V., commonly known as Philips, is a Netherlands-based health technology company. It develops products and services for hospitals, health professionals and consumers, with offerings that include diagnostic imaging systems such as MRI, CT and ultrasound equipment, image-guided therapy technologies, and patient monitoring solutions. The company also provides connected care and personal health products, including sleep and respiratory care devices, oral healthcare products and grooming appliances.