Koninklijke Philips (NYSE:PHG) Given Average Recommendation of “Hold” by Brokerages

Shares of Koninklijke Philips (NYSE:PHG) have been given a consensus rating of “Hold” by the five analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

Several equities research analysts have issued reports on PHG shares. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. StockNews.com cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th.

Koninklijke Philips Price Performance

Shares of PHG opened at $25.11 on Wednesday. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The company’s fifty day simple moving average is $27.44 and its 200 day simple moving average is $28.14. Koninklijke Philips has a 1-year low of $19.55 and a 1-year high of $32.91. The company has a market cap of $23.60 billion, a price-to-earnings ratio of -59.78, a PEG ratio of 0.92 and a beta of 0.76.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Koninklijke Philips by 0.6% in the 3rd quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock valued at $200,859,000 after purchasing an additional 35,935 shares during the last quarter. Creative Planning boosted its stake in Koninklijke Philips by 39.3% in the third quarter. Creative Planning now owns 84,263 shares of the technology company’s stock valued at $2,757,000 after buying an additional 23,768 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its position in Koninklijke Philips by 12.9% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 26,515 shares of the technology company’s stock valued at $668,000 after acquiring an additional 3,040 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Koninklijke Philips during the third quarter worth about $1,360,000. Finally, Sanctuary Advisors LLC acquired a new position in Koninklijke Philips during the second quarter worth about $1,253,000. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Company Profile

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.