J P Morgan Chase & Co lowered shares of Koninklijke Philips N.V. (NYSE:PHG) from an overweight rating to a neutral rating in a research report report published on Thursday morning, MarketBeat reports.

PHG has been the topic of several other research reports. BidaskClub downgraded shares of Koninklijke Philips N.V. from a strong-buy rating to a buy rating in a research note on Monday, July 24th. BNP Paribas downgraded shares of Koninklijke Philips N.V. from an outperform rating to a neutral rating in a research note on Monday, October 16th. Zacks Investment Research raised shares of Koninklijke Philips N.V. from a hold rating to a buy rating and set a $46.00 price target on the stock in a research note on Tuesday, September 26th. Finally, Citigroup Inc. reaffirmed a buy rating on shares of Koninklijke Philips N.V. in a research note on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Koninklijke Philips N.V. presently has an average rating of Hold and an average target price of $41.50.

Shares of Koninklijke Philips N.V. (NYSE PHG) opened at $39.03 on Thursday. Koninklijke Philips N.V. has a 12 month low of $28.19 and a 12 month high of $42.35. The firm has a market cap of $36,565.68, a price-to-earnings ratio of 28.91, a PEG ratio of 3.81 and a beta of 1.41. The company has a quick ratio of 1.15, a current ratio of 1.40 and a debt-to-equity ratio of 0.34.

Koninklijke Philips N.V. (NYSE:PHG) last announced its earnings results on Monday, October 23rd. The technology company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.04). Koninklijke Philips N.V. had a net margin of 6.67% and a return on equity of 7.19%. The firm had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.27 billion. During the same period in the prior year, the company posted $0.40 EPS. The company’s revenue was down 29.7% compared to the same quarter last year. sell-side analysts expect that Koninklijke Philips N.V. will post 1.37 EPS for the current year.

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In other Koninklijke Philips N.V. news, major shareholder Philips Nv Koninklijke sold 3,334,586 shares of the stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $1.50, for a total transaction of $5,001,879.00. Following the transaction, the insider now directly owns 29,693,444 shares in the company, valued at approximately $44,540,166. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

A number of institutional investors have recently modified their holdings of PHG. FNY Partners Fund LP bought a new position in Koninklijke Philips N.V. during the 3rd quarter worth about $111,000. YorkBridge Wealth Partners LLC grew its holdings in Koninklijke Philips N.V. by 8.9% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,783 shares of the technology company’s stock worth $135,000 after acquiring an additional 309 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Koninklijke Philips N.V. by 7.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,333 shares of the technology company’s stock worth $191,000 after acquiring an additional 374 shares in the last quarter. IFP Advisors Inc grew its holdings in Koninklijke Philips N.V. by 14.9% during the 2nd quarter. IFP Advisors Inc now owns 5,454 shares of the technology company’s stock worth $195,000 after acquiring an additional 706 shares in the last quarter. Finally, Whittier Trust Co. grew its holdings in Koninklijke Philips N.V. by 243.7% during the 3rd quarter. Whittier Trust Co. now owns 4,781 shares of the technology company’s stock worth $197,000 after acquiring an additional 3,390 shares in the last quarter. Institutional investors own 7.57% of the company’s stock.

About Koninklijke Philips N.V.

Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

Analyst Recommendations for Koninklijke Philips N.V. (NYSE:PHG)

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