Koninklijke Philips NV (NYSE:PHG) gapped down before the market opened on Thursday . The stock had previously closed at $25.20, but opened at $25.45. Koninklijke Philips NV shares last traded at $25.91, with a volume of 823,977 shares.

PHG has been the subject of several research reports. Deutsche Bank AG upgraded shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research note 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. BNP Paribas upgraded shares of Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 11th. Finally, Credit Suisse Group AG reiterated a “buy” rating on shares of Koninklijke Philips NV in a research note on Sunday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. Koninklijke Philips NV presently has an average rating of “Hold” and an average target price of $30.00.

The firm has a market capitalization of $23.51 billion and a P/E ratio of 37.87. The stock’s 50-day moving average price is $25.52 and its 200-day moving average price is $26.10.

Koninklijke Philips NV (NYSE:PHG) last announced its quarterly earnings data on Monday, April 25th. The company reported $0.03 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.09. The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $28.04 billion. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.20 earnings per share. Analysts anticipate that Koninklijke Philips NV will post $1.36 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Flippin Bruce & Porter Inc. increased its stake in shares of Koninklijke Philips NV by 0.5% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 204,754 shares of the company’s stock worth $5,211,000 after buying an additional 1,105 shares in the last quarter. TD Asset Management Inc. increased 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. Comerica Bank increased 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. Russell Frank Co purchased a new stake in shares of Koninklijke Philips NV during the fourth quarter worth approximately $2,211,000. Finally, Morgan Stanley increased its stake in shares of Koninklijke Philips NV by 87.0% in the fourth quarter. Morgan Stanley now owns 1,766,952 shares of the company’s stock worth $44,968,000 after buying an additional 822,261 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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