Koninklijke Philips NV (PHG) Sees Unusually-High Trading Volume
Koninklijke Philips NV (NYSE:PHG) saw an uptick in trading volume on Tuesday . 3,301,857 shares changed hands during mid-day trading, an increase of 51% from the previous session’s volume of 2,189,705 shares.The stock last traded at $28.38 and had previously closed at $28.31.
Several research firms recently issued reports on PHG. BNP Paribas raised shares of Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 11th. Zacks Investment Research lowered shares of Koninklijke Philips NV from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 12th. Finally, Credit Suisse Group AG reissued a “buy” rating on shares of Koninklijke Philips NV in a report on Sunday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.00.
The firm has a market capitalization of $26.72 billion and a PE ratio of 32.81. The firm’s 50-day moving average price is $26.18 and its 200-day moving average price is $26.38.
Koninklijke Philips NV (NYSE:PHG) last released its earnings results on Monday, July 25th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.20. During the same period last year, the firm earned $0.30 EPS. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.91 billion. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities research analysts predict that Koninklijke Philips NV will post $1.55 EPS for the current year.
An institutional investor recently raised its position in Koninklijke Philips NV stock. Comerica Bank boosted its position in Koninklijke Philips NV (NYSE:PHG) by 7.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 53,554 shares of the company’s stock after buying an additional 3,745 shares during the period. Comerica Bank’s holdings in Koninklijke Philips NV were worth $1,287,000 at the end of the most recent reporting period.
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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