Koninklijke Philips NV (PHG) Shares Gap Up to $25.57
Koninklijke Philips NV (NYSE:PHG) shares gapped up before the market opened on Wednesday . The stock had previously closed at $25.31, but opened at $25.57. Koninklijke Philips NV shares last traded at $26.00, with a volume of 477,375 shares traded.
Several research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Koninklijke Philips NV from a “sell” rating to a “hold” rating in a research note on Tuesday, June 28th. BNP Paribas raised shares of Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 11th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Koninklijke Philips NV in a research report on Sunday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. Koninklijke Philips NV presently has a consensus rating of “Hold” and an average price target of $30.00.
The company’s 50 day moving average is $25.47 and its 200-day moving average is $26.09. The firm has a market cap of $23.76 billion and a price-to-earnings ratio of 38.15.
Koninklijke Philips NV (NYSE:PHG) last posted 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 firm had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $28.04 billion. Koninklijke Philips NV’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.20 earnings per share. On average, analysts predict that Koninklijke Philips NV will post $1.36 earnings per share for the current fiscal year.
Other hedge funds have recently modified their holdings of the company. 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 during the last quarter. Russell Frank Co purchased a new stake in shares of Koninklijke Philips NV during the fourth quarter worth about $2,211,000. 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 during the last quarter. Flippin Bruce & Porter Inc. boosted 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 during the last quarter. Finally, Morgan Stanley boosted 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 during 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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