Koninklijke Philips (NYSE:PHG) Given Consensus Rating of “Hold” by Brokerages

Shares of Koninklijke Philips (NYSE:PHGGet Free Report) have earned a consensus rating of “Hold” from the four brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has assigned a buy recommendation to the company.

A number of research analysts have recently weighed in on PHG shares. StockNews.com raised shares of Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. BNP Paribas cut shares of Koninklijke Philips from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 7th.

Read Our Latest Stock Analysis on Koninklijke Philips

Institutional Trading of Koninklijke Philips

Hedge funds have recently bought and sold shares of the company. Principal Securities Inc. acquired a new position in shares of Koninklijke Philips in the 4th quarter valued at $27,000. Newbridge Financial Services Group Inc. boosted its holdings in shares of Koninklijke Philips by 166.7% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 1,600 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,000 shares during the last quarter. Nemes Rush Group LLC acquired a new position in shares of Koninklijke Philips in the 2nd quarter valued at $43,000. Advisory Services Network LLC boosted its holdings in shares of Koninklijke Philips by 28.7% in the 1st quarter. Advisory Services Network LLC now owns 2,226 shares of the technology company’s stock valued at $41,000 after purchasing an additional 496 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of Koninklijke Philips by 31.6% in the 2nd quarter. Fifth Third Bancorp now owns 2,268 shares of the technology company’s stock valued at $49,000 after purchasing an additional 545 shares during the last quarter. Institutional investors and hedge funds own 6.64% of the company’s stock.

Koninklijke Philips Trading Up 0.2 %

Shares of Koninklijke Philips stock opened at $20.65 on Thursday. Koninklijke Philips has a 12-month low of $15.63 and a 12-month high of $24.27. The company has a current ratio of 1.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. The stock has a market cap of $19.18 billion, a PE ratio of -36.23, a price-to-earnings-growth ratio of 0.96 and a beta of 0.90. The company has a 50-day moving average of $22.30 and a two-hundred day moving average of $21.13.

About Koninklijke Philips

(Get Free Report

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, 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, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.

Further Reading

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