Koninklijke Philips NV (NYSE:PHG) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.25 and last traded at $29.21, with a volume of 1,112,049 shares trading hands. The stock had previously closed at $28.81.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Koninklijke Philips NV from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Koninklijke Philips NV in a report on Sunday, May 1st. Finally, BNP Paribas raised shares of Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $30.00.

The company has a 50 day moving average of $26.59 and a 200 day moving average of $26.46. The company has a market cap of $27.08 billion and a price-to-earnings ratio of 33.339.

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

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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