Koninklijke Philips (NYSE:PHG) Receives Average Recommendation of “Hold” from Analysts

Shares of Koninklijke Philips (NYSE:PHG) have been assigned a consensus recommendation of “Hold” from the five research firms that are currently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Several research analysts recently commented on the stock. StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday.

Institutional Investors Weigh In On Koninklijke Philips

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in Koninklijke Philips in the first quarter valued at $40,000. Fairscale Capital LLC bought a new stake in shares of Koninklijke Philips during the 2nd quarter valued at about $54,000. Eastern Bank purchased a new position in shares of Koninklijke Philips during the third quarter valued at about $88,000. CWM LLC raised its stake in Koninklijke Philips by 21.9% in the second quarter. CWM LLC now owns 3,429 shares of the technology company’s stock worth $86,000 after buying an additional 616 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in Koninklijke Philips by 902.7% in the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock worth $93,000 after buying an additional 3,331 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Trading Down 0.4 %

NYSE PHG opened at $26.23 on Tuesday. The firm has a market cap of $24.65 billion, a PE ratio of -62.44, a price-to-earnings-growth 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 stock has a 50-day moving average of $30.86 and a 200-day moving average of $27.85. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Monday, July 29th. The technology company reported $0.32 EPS for the quarter. The business 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%. As a group, sell-side analysts forecast that Koninklijke Philips will post 1.59 EPS for the current year.

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.