Koninklijke Philips NV (PHG) Reaches New 1-Year High at $28.85
Koninklijke Philips NV (NYSE:PHG) shares reached a new 52-week high on Thursday . The stock traded as high as $28.85 and last traded at $28.77, with a volume of 3,121,148 shares traded. The stock had previously closed at $28.52.
Several research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Koninklijke Philips NV from a “sell” rating to a “hold” rating in a report on Thursday, July 28th. BNP Paribas raised shares of Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 11th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Koninklijke Philips NV in a report on Sunday, May 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $30.00.
The stock’s 50 day moving average is $26.18 and its 200-day moving average is $26.38. The firm has a market capitalization of $26.70 billion and a price-to-earnings ratio of 32.79.
Koninklijke Philips NV (NYSE:PHG) last issued its quarterly earnings results on Monday, July 25th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.20. During the same quarter in the prior year, the business earned $0.30 EPS. The business had revenue of $5.86 billion for the quarter, compared to analysts’ expectations of $5.91 billion. The company’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts anticipate 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 raised 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 fund 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 quarter.
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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