Koninklijke Philips NV (PHG) Trading 2.3% Higher
Koninklijke Philips NV (NYSE:PHG) shares traded up 2.3% during mid-day trading on Wednesday . The company traded as high as $27.95 and last traded at $27.94, with a volume of 1,511,045 shares changing hands. The stock had previously closed at $27.32.
A number of brokerages have issued reports on PHG. Zacks Investment Research lowered Koninklijke Philips NV from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Credit Suisse Group AG reiterated a “buy” rating on shares of Koninklijke Philips NV in a research report on Sunday, May 1st. Finally, BNP Paribas upgraded Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 11th. One 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 stock. Koninklijke Philips NV presently has a consensus rating of “Buy” and a consensus price target of $30.00.
The firm’s 50 day moving average is $25.65 and its 200 day moving average is $26.29. The stock has a market capitalization of $25.91 billion and a price-to-earnings ratio of 31.97.
Koninklijke Philips NV (NYSE:PHG) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.31 by $0.20. The firm earned $5.86 billion during the quarter, compared to analyst estimates of $5.91 billion. The company’s revenue was down 1.9% on a year-over-year basis. During the same period last year, the company earned $0.30 EPS. Equities research analysts forecast that Koninklijke Philips NV will post $1.55 EPS for the current year.
Other institutional investors have recently bought and sold shares of the company. Comerica Bank boosted 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 valued at $1,287,000 after buying an additional 3,745 shares during the period. Flippin Bruce & Porter Inc. boosted its position in shares of 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. Finally, Russell Frank Co bought a new position in shares of Koninklijke Philips NV during the fourth quarter worth about $2,211,000.
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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