Koninklijke Philips NV (NYSE:PHG) shares gapped up before the market opened on Monday . The stock had previously closed at $26.33, but opened at $26.52. Koninklijke Philips NV shares last traded at $26.82, with a volume of 611,991 shares trading hands.

A number of research firms recently issued reports on PHG. Zacks Investment Research upgraded shares of Koninklijke Philips NV from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. BNP Paribas upgraded 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 reiterated a “buy” rating on shares of Koninklijke Philips NV in a research report on Sunday, May 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Koninklijke Philips NV presently has an average rating of “Buy” and an average price target of $30.00.

The company’s 50 day moving average price is $25.60 and its 200 day moving average price is $26.27. The firm has a market capitalization of $24.90 billion and a price-to-earnings ratio of 30.65.

Koninklijke Philips NV (NYSE:PHG) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. During the same quarter in the previous year, the business earned $0.30 earnings per share. The business had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.91 billion. The firm’s revenue was down 1.9% on a year-over-year basis. Equities research analysts forecast that Koninklijke Philips NV will post $1.55 earnings per share for the current fiscal year.

Several hedge funds and institutional investors have recently modified their holdings of the company. Russell Frank Co purchased a new position in shares of Koninklijke Philips NV during the fourth quarter valued at about $2,211,000. Comerica Bank boosted its position 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 valued at $1,287,000 after buying an additional 3,745 shares in the last quarter. Finally, Flippin Bruce & Porter Inc. boosted its position 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 valued at $5,211,000 after buying an additional 1,105 shares in the last quarter.

Koninklijke Philips N.V. is a health and well-being company. The Company operates through three segments: Healthcare, Consumer Lifestyle and Lighting. Its Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.

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