Koninklijke Philips NV (NYSE:PHG) shares hit a new 52-week high during trading on Friday . The stock traded as high as $29.64 and last traded at $29.59, with a volume of 849,301 shares trading hands. The stock had previously closed at $29.31.

Several brokerages have commented on PHG. Zacks Investment Research upgraded shares of Koninklijke Philips NV from a “sell” rating to a “hold” rating in a research report on Tuesday, June 28th. BNP Paribas upgraded shares of Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 11th. Finally, TheStreet upgraded shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Koninklijke Philips NV has a consensus rating of “Buy” and an average price target of $30.00.

The firm has a 50 day moving average price of $27.45 and a 200-day moving average price of $26.68. The company has a market cap of $27.40 billion and a PE ratio of 33.1612.

Koninklijke Philips NV (NYSE:PHG) last released its earnings results on Monday, July 25th. The company reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.20. The company had revenue of $5.86 billion for the quarter, compared to the consensus estimate of $5.91 billion. During the same period in the prior year, the company earned $0.30 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. Equities analysts expect that Koninklijke Philips NV will post $1.56 EPS for the current year.

An institutional investor recently raised its position in Koninklijke Philips NV stock. Ameriprise Financial Inc. raised its stake in Koninklijke Philips NV (NYSE:PHG) by 9.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,298,978 shares of the company’s stock after buying an additional 194,800 shares during the period. Ameriprise Financial Inc. owned 0.25% of Koninklijke Philips NV worth $58,605,000 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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