Koninklijke Philips NV (PHG) Sees Large Volume Increase
Shares of Koninklijke Philips NV (NYSE:PHG) saw strong trading volume on Tuesday . 3,301,857 shares traded 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 analysts recently weighed in on the stock. BNP Paribas upgraded shares of Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 11th. Zacks Investment Research cut shares of Koninklijke Philips NV from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Koninklijke Philips NV in a research report on Sunday, May 1st. 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 stock. The stock currently has an average rating of “Buy” and an average target price of $30.00.
The stock has a 50 day moving average of $26.04 and a 200 day moving average of $26.36. The stock has a market capitalization of $26.29 billion and a price-to-earnings ratio of 32.29.
Koninklijke Philips NV (NYSE:PHG) last announced its earnings results on Monday, July 25th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.20. During the same period in the previous year, the business posted $0.30 earnings per share. The firm earned $5.86 billion during the quarter, compared to analysts’ expectations of $5.91 billion. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities research analysts expect 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 stake in Koninklijke Philips NV (NYSE:PHG) by 7.5% during the fourth quarter, according to its most recent 13F filing with the SEC. 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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