Koninklijke Philips NV (NYSE:PHG)’s share price gapped up before the market opened on Monday . The stock had previously closed at $24.12, but opened at $24.56. Koninklijke Philips NV shares last traded at $25.13, with a volume of 1,054,499 shares trading hands.

PHG has been the topic of several analyst reports. Deutsche Bank AG upgraded Koninklijke Philips NV from a “hold” rating to a “buy” rating in a report on Monday, March 21st. Zacks Investment Research upgraded shares of Koninklijke Philips NV from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 29th. Credit Suisse Group AG restated a “buy” rating on shares of Koninklijke Philips NV in a research note on Sunday, May 1st. Finally, BNP Paribas upgraded shares of Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. Koninklijke Philips NV has an average rating of “Buy” and a consensus price target of $30.00.

The stock has a market capitalization of $22.93 billion and a PE ratio of 36.93. The company has a 50-day moving average of $25.61 and a 200 day moving average of $26.11.

Koninklijke Philips NV (NYSE:PHG) last released its earnings results on Monday, April 25th. The company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by $0.09. The business earned $5.52 billion during the quarter, compared to analysts’ expectations of $28.04 billion. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.20 EPS. Equities analysts predict that Koninklijke Philips NV will post $1.38 EPS for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Morgan Stanley boosted its stake in Koninklijke Philips NV by 87.0% in the fourth quarter. Morgan Stanley now owns 1,766,952 shares of the company’s stock valued at $44,968,000 after buying an additional 822,261 shares during the last quarter. AMG National Trust Bank boosted its stake in shares of Koninklijke Philips NV by 47.2% in the fourth quarter. AMG National Trust Bank now owns 41,263 shares of the company’s stock worth $1,050,000 after buying an additional 13,230 shares in the last quarter. Comerica Bank boosted its stake in shares of Koninklijke Philips NV by 7.5% in the fourth quarter. Comerica Bank now owns 53,554 shares of the company’s stock worth $1,287,000 after buying an additional 3,745 shares in the last quarter. TD Asset Management Inc. boosted its stake in shares of Koninklijke Philips NV by 2.1% in the fourth quarter. TD Asset Management Inc. now owns 104,036 shares of the company’s stock worth $2,648,000 after buying an additional 2,140 shares in the last quarter. Finally, World Asset Management Inc boosted its stake in shares of Koninklijke Philips NV by 2.4% in the fourth quarter. World Asset Management Inc now owns 49,889 shares of the company’s stock worth $1,270,000 after buying an additional 1,163 shares in the last quarter.

Koninklijke Philips N.V. is a technology company. The Company operates in the segments of Healthcare, Consumer Lifestyle and Lighting. It operates in the Innovation, Group & Services (IG&S) sector. The Healthcare segment includes imaging systems, customer services, healthcare informatics, solutions and services, and patient care and monitoring solutions.

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