Koninklijke Philips NV (PHG) Shares Gap Down to $25.45
Koninklijke Philips NV (NYSE:PHG)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $25.20, but opened at $25.45. Koninklijke Philips NV shares last traded at $25.91, with a volume of 823,977 shares.
Several brokerages have recently commented on PHG. Deutsche Bank AG upgraded shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a report on Monday, March 21st. Zacks Investment Research raised shares of Koninklijke Philips NV from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 29th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Koninklijke Philips NV in a research note on Sunday, May 1st. Finally, BNP Paribas raised shares of Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $30.00.
The stock has a market cap of $23.62 billion and a P/E ratio of 38.04. The company’s 50 day moving average price is $25.56 and its 200 day moving average price is $26.10.
Koninklijke Philips NV (NYSE:PHG) last issued its quarterly earnings results on Monday, April 25th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by $0.09. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $28.04 billion. Koninklijke Philips NV’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.20 EPS. On average, analysts anticipate that Koninklijke Philips NV will post $1.36 earnings per share for the current year.
Several large investors have recently modified their holdings of PHG. Morgan Stanley increased its stake in shares of Koninklijke Philips NV by 87.0% in the fourth quarter. Morgan Stanley now owns 1,766,952 shares of the company’s stock worth $44,968,000 after buying an additional 822,261 shares during the period. Russell Frank Co bought a new stake in Koninklijke Philips NV during the fourth quarter valued at about $2,211,000. AMG National Trust Bank boosted its stake 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 valued at $1,050,000 after buying an additional 13,230 shares in the last quarter. Comerica Bank boosted 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 valued at $1,287,000 after buying an additional 3,745 shares in the last quarter. Finally, TD Asset Management Inc. boosted its stake 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 valued at $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.
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