Koninklijke Philips (NYSE:PHG) Raised to Hold at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Koninklijke Philips (NYSE:PHG) from an underperform rating to a hold rating in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports.

Separately, StockNews.com raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

Koninklijke Philips Stock Down 0.4 %

Shares of NYSE:PHG opened at $26.23 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The stock has a market cap of $24.65 billion, a P/E ratio of -62.44, a P/E/G ratio of 1.04 and a beta of 0.74. Koninklijke Philips has a 1-year low of $18.79 and a 1-year high of $32.91. The firm has a fifty day moving average price of $30.86 and a 200 day moving average price of $27.85.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Monday, July 29th. The technology company reported $0.32 earnings per share (EPS) for the quarter. The firm had revenue of $4.80 billion for the quarter. Koninklijke Philips had a positive return on equity of 10.15% and a negative net margin of 2.35%. Sell-side analysts predict that Koninklijke Philips will post 1.59 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in PHG. Allspring Global Investments Holdings LLC purchased a new stake in Koninklijke Philips in the 1st quarter valued at approximately $40,000. Fairscale Capital LLC acquired a new stake in shares of Koninklijke Philips in the 2nd quarter valued at approximately $54,000. CWM LLC boosted its stake 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 buying an additional 616 shares in the last quarter. Eastern Bank acquired a new position in Koninklijke Philips during the third quarter worth $88,000. Finally, Headlands Technologies LLC purchased a new position in Koninklijke Philips in the first quarter worth $91,000. 13.67% of the stock is owned by hedge funds and other institutional investors.

About Koninklijke Philips

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.