Koninklijke Philips N.V. (NYSE:PHG) Given Consensus Recommendation of “Hold” by Analysts

Shares of Koninklijke Philips N.V. (NYSE:PHG) have been assigned an average rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company.

A number of equities analysts have recently weighed in on the company. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday. Sanford C. Bernstein raised shares of Koninklijke Philips to a “hold” rating in a research note on Wednesday, December 17th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Koninklijke Philips in a report on Monday, December 29th. Finally, Royal Bank Of Canada assumed coverage on shares of Koninklijke Philips in a research note on Wednesday, December 17th. They set a “sector perform” rating on the stock.

Koninklijke Philips Stock Performance

NYSE:PHG opened at $29.57 on Friday. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $28.47 billion, a P/E ratio of 147.84, a price-to-earnings-growth ratio of 0.74 and a beta of 0.79. The firm has a 50-day moving average price of $27.62 and a two-hundred day moving average price of $27.11. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $30.03.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.37 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.37. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $4.30 billion. As a group, research analysts expect that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Koninklijke Philips

A number of large investors have recently modified their holdings of PHG. Rhumbline Advisers increased its position in shares of Koninklijke Philips by 1.3% in the 2nd quarter. Rhumbline Advisers now owns 29,306 shares of the technology company’s stock worth $703,000 after purchasing an additional 388 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Koninklijke Philips by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 11,592 shares of the technology company’s stock valued at $316,000 after acquiring an additional 439 shares during the last quarter. Kitching Partners LLC lifted its stake in Koninklijke Philips by 4.2% during the second quarter. Kitching Partners LLC now owns 11,259 shares of the technology company’s stock worth $270,000 after purchasing an additional 457 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in Koninklijke Philips by 4.4% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 11,357 shares of the technology company’s stock worth $310,000 after purchasing an additional 478 shares during the period. Finally, First Affirmative Financial Network raised its holdings in shares of Koninklijke Philips by 5.1% during the third quarter. First Affirmative Financial Network now owns 11,418 shares of the technology company’s stock worth $311,000 after purchasing an additional 550 shares during the period. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.