Koninklijke Philips NV (PHG) Sees Large Volume Increase
Shares of Koninklijke Philips NV (NYSE:PHG) saw unusually-high trading volume on Wednesday . Approximately 1,424,780 shares traded hands during trading, a decline of 4% from the previous session’s volume of 1,479,368 shares.The stock last traded at $24.10 and had previously closed at $24.06.
A number of research analysts recently issued reports on the company. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Koninklijke Philips NV in a report on Sunday, May 1st. Deutsche Bank AG raised Koninklijke Philips NV from a “hold” rating to a “buy” rating in a report on Monday, March 21st. Zacks Investment Research raised Koninklijke Philips NV from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 29th. Finally, BNP Paribas raised 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, four have issued a hold rating and eight have assigned a buy rating to the company. Koninklijke Philips NV has a consensus rating of “Buy” and an average target price of $30.00.
The firm has a 50-day moving average price of $25.71 and a 200 day moving average price of $26.14. The company has a market cap of $21.96 billion and a PE ratio of 35.21.
Koninklijke Philips NV (NYSE:PHG) last announced its quarterly earnings results on Monday, April 25th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by $0.09. During the same quarter last year, the business earned $0.20 EPS. The business earned $5.52 billion during the quarter, compared to analysts’ expectations of $28.04 billion. Koninklijke Philips NV’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities analysts expect that Koninklijke Philips NV will post $1.40 earnings per share for the current fiscal year.
A number of institutional investors have bought and sold shares of PHG. AMG National Trust Bank raised its position in Koninklijke Philips NV by 47.2% in the fourth quarter. AMG National Trust Bank now owns 41,263 shares of the company’s stock worth $1,050,000 after buying an additional 13,230 shares in the last quarter. World Asset Management Inc raised its position in Koninklijke Philips NV by 2.4% in the fourth quarter. World Asset Management Inc now owns 49,889 shares of the company’s stock worth $1,270,000 after buying an additional 1,163 shares in the last quarter. Comerica Bank raised its position 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 in the last quarter. Russell Frank Co acquired a new position in Koninklijke Philips NV during the fourth quarter worth approximately $2,211,000. Finally, TD Asset Management Inc. raised its position in 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 in 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.