Shares of Koninklijke Philips NV (NYSE:PHG) gapped down prior to trading on Tuesday . The stock had previously closed at $26.70, but opened at $26.85. Koninklijke Philips NV shares last traded at $27.24, with a volume of 710,604 shares traded.

A number of 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 Thursday, July 28th. 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $30.00.

The stock has a market capitalization of $25.33 billion and a PE ratio of 31.26. The firm’s 50-day moving average is $25.65 and its 200-day moving average is $26.29.

Koninklijke Philips NV (NYSE:PHG) last released its earnings results on Monday, July 25th. The company reported $0.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.20. The firm had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities research analysts anticipate that Koninklijke Philips NV will post $1.55 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Comerica Bank raised its stake in 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 Koninklijke Philips NV during the fourth quarter worth $2,211,000. Finally, Flippin Bruce & Porter Inc. raised its stake in 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.

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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