Koninklijke Philips (NYSE:PHG) Lowered to “Strong Sell” Rating by Zacks Research

Koninklijke Philips (NYSE:PHG) was downgraded by research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

PHG has been the topic of several other reports. Royal Bank Of Canada began coverage on Koninklijke Philips in a research report on Wednesday, December 17th. They issued a “sector perform” rating on the stock. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a “hold” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings upgraded shares of Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Koninklijke Philips Stock Up 0.2%

Shares of NYSE:PHG opened at $30.17 on Wednesday. Koninklijke Philips has a 12-month low of $21.48 and a 12-month high of $30.30. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of 150.86, a PEG ratio of 0.85 and a beta of 0.79. The stock has a fifty day simple moving average of $27.78 and a two-hundred day simple moving average of $27.25. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.68.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $4.30 billion. Koninklijke Philips had a return on equity of 12.14% and a net margin of 1.07%. On average, research analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Koninklijke Philips

A number of institutional investors have recently added to or reduced their stakes in the stock. Mondrian Investment Partners LTD acquired a new stake in shares of Koninklijke Philips during the third quarter worth $215,529,000. Brandes Investment Partners LP grew its stake in Koninklijke Philips by 54.3% during the 2nd quarter. Brandes Investment Partners LP now owns 1,530,918 shares of the technology company’s stock valued at $36,712,000 after purchasing an additional 538,715 shares during the last quarter. Investment Management Associates Inc. ADV acquired a new position in shares of Koninklijke Philips in the second quarter valued at about $12,122,000. Morningstar Investment Management LLC acquired a new stake in shares of Koninklijke Philips during the third quarter worth about $5,434,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Koninklijke Philips by 435.0% in the second quarter. Tower Research Capital LLC TRC now owns 225,616 shares of the technology company’s stock valued at $5,410,000 after acquiring an additional 183,444 shares during the period. Institutional investors own 13.67% of the company’s stock.

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.