Koninklijke Philips (NYSE:PHG) Sets New 1-Year Low at $15.90

Koninklijke Philips (NYSE:PHGGet Rating) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $15.90 and last traded at $15.95, with a volume of 13863 shares changing hands. The stock had previously closed at $16.56.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Koninklijke Philips from €25.00 ($25.51) to €24.00 ($24.49) and set a “hold” rating for the company in a report on Tuesday, July 5th. Societe Generale upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating and lowered their price objective for the stock from €22.40 ($22.86) to €21.00 ($21.43) in a research report on Monday, September 12th. JPMorgan Chase & Co. lowered their price objective on shares of Koninklijke Philips from €21.30 ($21.73) to €18.80 ($19.18) and set an “underweight” rating for the company in a research report on Wednesday, July 27th. UBS Group upgraded shares of Koninklijke Philips from a “sell” rating to a “neutral” rating in a research report on Monday, September 5th. Finally, Barclays lowered their price objective on shares of Koninklijke Philips from €45.00 ($45.92) to €39.00 ($39.80) in a research report on Thursday, July 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Koninklijke Philips currently has an average rating of “Hold” and a consensus price target of $24.97.

Koninklijke Philips Price Performance

The business’s 50-day moving average is $18.98 and its two-hundred day moving average is $23.68. The company has a quick ratio of 0.70, a current ratio of 1.19 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $14.08 billion, a P/E ratio of 4.08, a price-to-earnings-growth ratio of 1.22 and a beta of 0.96.

Institutional Investors Weigh In On Koninklijke Philips

Hedge funds have recently bought and sold shares of the stock. Harrington Investments INC increased its stake in shares of Koninklijke Philips by 1.5% in the first quarter. Harrington Investments INC now owns 31,177 shares of the technology company’s stock worth $952,000 after buying an additional 450 shares during the period. Citigroup Inc. increased its stake in shares of Koninklijke Philips by 1.3% in the first quarter. Citigroup Inc. now owns 36,882 shares of the technology company’s stock worth $1,126,000 after buying an additional 483 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Koninklijke Philips by 11.2% in the second quarter. Quadrant Capital Group LLC now owns 5,305 shares of the technology company’s stock worth $114,000 after buying an additional 534 shares during the period. Private Capital Group LLC increased its stake in shares of Koninklijke Philips by 5.4% in the first quarter. Private Capital Group LLC now owns 10,616 shares of the technology company’s stock worth $324,000 after buying an additional 547 shares during the period. Finally, Commonwealth Equity Services LLC increased its stake in shares of Koninklijke Philips by 1.3% in the second quarter. Commonwealth Equity Services LLC now owns 43,339 shares of the technology company’s stock worth $933,000 after buying an additional 561 shares during the period. 14.26% of the stock is currently owned by institutional investors.

Koninklijke Philips Company Profile

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Koninklijke Philips N.V. operates as a health technology company in North America and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. The company provides diagnostic imaging solutions, includes magnetic resonance imaging, computed tomography (CT) systems, X-ray systems, and detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; integrated interventional systems; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.

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