Koninklijke Philips NV (NYSE:PHG) shares reached a new 52-week high on Thursday . The company traded as high as $28.85 and last traded at $28.77, with a volume of 3,121,148 shares trading hands. The stock had previously closed at $28.52.

A number of research analysts recently weighed in on PHG shares. 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 reissued a “buy” rating on shares of Koninklijke Philips NV in a report on Sunday, May 1st. Finally, BNP Paribas raised Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $30.00.

The stock has a 50-day moving average price of $26.42 and a 200-day moving average price of $26.41. The stock has a market cap of $26.86 billion and a PE ratio of 33.00.

Koninklijke Philips NV (NYSE:PHG) last announced its quarterly earnings results on Monday, July 25th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.20. The firm earned $5.86 billion during the quarter, compared to analysts’ expectations of $5.91 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts predict that Koninklijke Philips NV will post $1.55 earnings per share for the current year.

An institutional investor recently raised its position in Koninklijke Philips NV stock. Comerica Bank increased its position in Koninklijke Philips NV (NYSE:PHG) by 7.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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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