Koninklijke Philips (NYSE:PHG) Upgraded by Jefferies Financial Group to “Hold”

Jefferies Financial Group upgraded shares of Koninklijke Philips (NYSE:PHG) from an underperform rating to a hold rating in a research report report published on Tuesday, Marketbeat.com reports.

Separately, StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Koninklijke Philips currently has an average rating of “Hold”.

Koninklijke Philips Stock Performance

NYSE:PHG opened at $26.84 on Tuesday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 1.16. The stock has a 50-day simple moving average of $31.00 and a two-hundred day simple moving average of $27.88. The firm has a market capitalization of $25.22 billion, a PE ratio of -50.63, a P/E/G ratio of 1.04 and a beta of 0.74. Koninklijke Philips has a 52-week low of $18.47 and a 52-week high of $32.91.

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

Institutional Investors Weigh In On Koninklijke Philips

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Koninklijke Philips by 57.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 90,477 shares of the technology company’s stock worth $2,960,000 after acquiring an additional 33,093 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of Koninklijke Philips by 20.5% during the 3rd quarter. Ballentine Partners LLC now owns 10,492 shares of the technology company’s stock valued at $343,000 after purchasing an additional 1,783 shares during the last quarter. Mount Yale Investment Advisors LLC bought a new position in shares of Koninklijke Philips during the 3rd quarter valued at about $292,000. International Assets Investment Management LLC purchased a new position in shares of Koninklijke Philips during the third quarter valued at about $1,360,000. Finally, Eastern Bank bought a new stake in shares of Koninklijke Philips in the third quarter worth about $88,000. Institutional investors own 13.67% of the company’s stock.

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.