StockNews.com Downgrades Koninklijke Philips (NYSE:PHG) to Hold

StockNews.com downgraded shares of Koninklijke Philips (NYSE:PHG) from a buy rating to a hold rating in a research note published on Thursday.

Separately, Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Koninklijke Philips Stock Up 0.4 %

Shares of NYSE PHG opened at $25.84 on Thursday. Koninklijke Philips has a 12-month low of $19.49 and a 12-month high of $32.91. The stock’s fifty day simple moving average is $30.05 and its two-hundred day simple moving average is $28.29. The stock has a market capitalization of $24.29 billion, a PE ratio of -61.52, a price-to-earnings-growth ratio of 0.91 and a beta of 0.77. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Institutional Trading of Koninklijke Philips

Institutional investors have recently made changes to their positions in the business. XTX Topco Ltd increased its stake in Koninklijke Philips by 73.0% during the 3rd quarter. XTX Topco Ltd now owns 30,726 shares of the technology company’s stock valued at $1,005,000 after purchasing an additional 12,969 shares in the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of Koninklijke Philips during the third quarter worth about $205,000. Jane Street Group LLC boosted its position in Koninklijke Philips by 787.9% in the third quarter. Jane Street Group LLC now owns 128,686 shares of the technology company’s stock valued at $4,211,000 after buying an additional 114,193 shares during the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Koninklijke Philips by 4.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 76,186 shares of the technology company’s stock worth $2,462,000 after buying an additional 3,418 shares during the period. Finally, State Street Corp raised its position in Koninklijke Philips by 1.0% during the 3rd quarter. State Street Corp now owns 82,518 shares of the technology company’s stock worth $2,809,000 after buying an additional 844 shares during the last quarter. Institutional investors and hedge funds 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.