Koninklijke Philips (NYSE:PHG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Koninklijke Philips (NYSE:PHG) from a hold rating to a buy rating in a report published on Saturday morning.

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Koninklijke Philips in a research note on Wednesday, November 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Koninklijke Philips has an average rating of “Buy”.

Koninklijke Philips Stock Performance

Shares of PHG stock opened at $27.39 on Friday. The company has a fifty day moving average price of $27.91 and a two-hundred day moving average price of $26.14. Koninklijke Philips has a one year low of $21.48 and a one year high of $29.54. The stock has a market cap of $26.37 billion, a P/E ratio of 136.94, a P/E/G ratio of 0.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 0.86.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. The company had revenue of $4.94 billion for the quarter, compared to analysts’ expectations of $4.30 billion. As a group, equities analysts predict that Koninklijke Philips will post 1.63 EPS for the current year.

Institutional Investors Weigh In On Koninklijke Philips

Several hedge funds have recently bought and sold shares of PHG. First Affirmative Financial Network grew its position in shares of Koninklijke Philips by 5.1% in the third quarter. First Affirmative Financial Network now owns 11,418 shares of the technology company’s stock valued at $311,000 after purchasing an additional 550 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in Koninklijke Philips during the 3rd quarter worth approximately $401,000. Morningstar Investment Management LLC bought a new stake in Koninklijke Philips in the 3rd quarter valued at $5,434,000. XTX Topco Ltd grew its stake in shares of Koninklijke Philips by 6.2% in the third quarter. XTX Topco Ltd now owns 31,246 shares of the technology company’s stock valued at $852,000 after acquiring an additional 1,825 shares in the last quarter. Finally, United Capital Financial Advisors LLC bought a new stake in Koninklijke Philips in the 3rd quarter valued at about $213,000. 13.67% of the stock is currently owned by institutional investors and hedge funds.

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.