Koninklijke Philips NV (PHG) Hits New 12-Month High at $29.64
Koninklijke Philips NV (NYSE:PHG) shares hit a new 52-week high during mid-day trading on Friday . The company 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.
A number of brokerages have recently issued reports on PHG. BNP Paribas upgraded Koninklijke Philips NV from a “neutral” rating to an “outperform” rating in a research report on Wednesday, May 11th. Zacks Investment Research lowered Koninklijke Philips NV from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 12th. Finally, TheStreet upgraded Koninklijke Philips NV from a “hold” rating to a “buy” rating in a research report on Wednesday, August 24th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and six 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 market cap of $27.44 billion and a P/E ratio of 33.47. The firm’s 50-day moving average price is $27.49 and its 200 day moving average price is $26.68.
Koninklijke Philips NV (NYSE:PHG) last released its quarterly 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. During the same period last year, the firm earned $0.30 EPS. The firm had revenue of $5.86 billion for the quarter, compared to analyst estimates of $5.91 billion. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Equities research analysts forecast that Koninklijke Philips NV will post $1.56 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.