Koninklijke Philips NV (PHG) Reaches New 12-Month High at $29.25
Koninklijke Philips NV (NYSE:PHG) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.25 and last traded at $29.21, with a volume of 1,112,049 shares changing hands. The stock had previously closed at $28.81.
A number of equities research analysts have recently issued reports 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 downgraded shares of Koninklijke Philips NV from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Credit Suisse Group AG restated a “buy” rating on shares of Koninklijke Philips NV in a research report on Sunday, May 1st. Finally, TheStreet upgraded Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. Koninklijke Philips NV presently has an average rating of “Buy” and a consensus target price of $30.00.
The company has a 50 day moving average of $26.87 and a 200-day moving average of $26.50. The stock has a market capitalization of $26.91 billion and a PE ratio of 32.57.
Koninklijke Philips NV (NYSE:PHG) last posted its earnings results on Monday, July 25th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.31 by $0.20. The firm earned $5.86 billion during the quarter, compared to the consensus estimate of $5.91 billion. Koninklijke Philips NV’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. Equities analysts anticipate that Koninklijke Philips NV will post $1.55 earnings per share for the current fiscal year.
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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