Sanford C. Bernstein started coverage on shares of Koninklijke Philips (NYSE:PHG) in a research note issued to investors on Thursday morning, MarketBeat Ratings reports. The firm issued an outperform rating on the technology company’s stock.

PHG has been the topic of several other research reports. ValuEngine upgraded shares of Koninklijke Philips from a hold rating to a buy rating in a research report on Monday, July 2nd. Zacks Investment Research upgraded shares of Koninklijke Philips from a hold rating to a buy rating and set a $48.00 price target on the stock in a research report on Monday, June 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $48.00.

Shares of NYSE:PHG opened at $45.75 on Thursday. Koninklijke Philips has a 12-month low of $35.47 and a 12-month high of $46.09. The company has a market cap of $42.04 billion, a price-to-earnings ratio of 36.90, a price-to-earnings-growth ratio of 4.47 and a beta of 1.15. The company has a current ratio of 1.27, a quick ratio of 0.89 and a debt-to-equity ratio of 0.32.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Monday, July 23rd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.15). The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.35 billion. Koninklijke Philips had a return on equity of 7.81% and a net margin of 7.30%. The business’s revenue was down .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. equities analysts expect that Koninklijke Philips will post 1.85 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Eqis Capital Management Inc. boosted its position in shares of Koninklijke Philips by 12.6% during the 2nd quarter. Eqis Capital Management Inc. now owns 15,060 shares of the technology company’s stock worth $637,000 after acquiring an additional 1,680 shares in the last quarter. Northern Trust Corp boosted its position in shares of Koninklijke Philips by 4.7% during the 1st quarter. Northern Trust Corp now owns 850,663 shares of the technology company’s stock worth $32,589,000 after acquiring an additional 37,992 shares in the last quarter. Wells Fargo & Company MN boosted its position in Koninklijke Philips by 1.9% in the second quarter. Wells Fargo & Company MN now owns 1,303,593 shares of the technology company’s stock valued at $55,104,000 after buying an additional 24,048 shares in the last quarter. US Bancorp DE boosted its position in Koninklijke Philips by 166.3% in the second quarter. US Bancorp DE now owns 82,141 shares of the technology company’s stock valued at $3,472,000 after buying an additional 51,291 shares in the last quarter. Finally, Advisor Partners LLC boosted its position in Koninklijke Philips by 21.0% in the second quarter. Advisor Partners LLC now owns 9,800 shares of the technology company’s stock valued at $414,000 after buying an additional 1,701 shares in the last quarter. Institutional investors and hedge funds own 4.87% of the company’s stock.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. The company offers mother and child care, and oral healthcare products; male grooming and beauty products; kitchen appliance, coffee, air, garment care, and floor care products; and sleep, respiratory care, and respiratory drug delivery products.

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Analyst Recommendations for Koninklijke Philips (NYSE:PHG)

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