Koninklijke Philips N.V. (NYSE:PHG) Given Consensus Recommendation of “Hold” by Analysts

Koninklijke Philips N.V. (NYSE:PHG) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company.

Several equities analysts have commented on the stock. Royal Bank Of Canada initiated coverage on shares of Koninklijke Philips in a research note on Wednesday, December 17th. They issued a “sector perform” rating on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Koninklijke Philips in a research note on Monday, December 29th. Wall Street Zen raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Sanford C. Bernstein upgraded Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th.

Koninklijke Philips Price Performance

PHG stock opened at $29.57 on Friday. Koninklijke Philips has a 1 year low of $21.48 and a 1 year high of $30.03. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 0.86. The firm has a market capitalization of $28.47 billion, a PE ratio of 147.84, a price-to-earnings-growth ratio of 0.74 and a beta of 0.79. The business has a 50 day simple moving average of $27.62 and a 200-day simple moving average of $27.11.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.37 EPS for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $5.05 billion for the quarter, compared to analyst estimates of $4.30 billion. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. Equities research analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Institutional Trading of Koninklijke Philips

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHG. Johnson Financial Group Inc. acquired a new stake in shares of Koninklijke Philips in the third quarter valued at about $27,000. AlphaCore Capital LLC acquired a new stake in shares of Koninklijke Philips during the 2nd quarter valued at approximately $41,000. Whipplewood Advisors LLC boosted its stake in shares of Koninklijke Philips by 39.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,108 shares of the technology company’s stock worth $51,000 after acquiring an additional 592 shares in the last quarter. MAI Capital Management boosted its stake in shares of Koninklijke Philips by 167.7% during the 2nd quarter. MAI Capital Management now owns 2,380 shares of the technology company’s stock worth $57,000 after acquiring an additional 1,491 shares in the last quarter. Finally, Root Financial Partners LLC acquired a new stake in shares of Koninklijke Philips in the 3rd quarter worth approximately $83,000. 13.67% of the stock is owned by hedge funds and other institutional investors.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.