Koninklijke Philips (NYSE:PHG) Rating Increased to Hold at Zacks Research

Koninklijke Philips (NYSE:PHG) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on PHG. Weiss Ratings upgraded Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Koninklijke Philips in a research report on Monday, August 3rd. Five equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Koninklijke Philips presently has a consensus rating of “Hold”.

Koninklijke Philips Stock Performance

PHG opened at $27.30 on Thursday. The business’s 50-day simple moving average is $26.76 and its 200 day simple moving average is $27.75. Koninklijke Philips has a 52-week low of $23.85 and a 52-week high of $33.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 1.26. The firm has a market capitalization of $26.84 billion, a PE ratio of 20.12, a PEG ratio of 11.36 and a beta of 0.76.

Hedge Funds Weigh In On Koninklijke Philips

Large investors have recently modified their holdings of the stock. Whipplewood Advisors LLC lifted its stake in shares of Koninklijke Philips by 923.7% during the 1st quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company’s stock worth $27,000 after buying an additional 896 shares during the last quarter. Johnson Financial Group Inc. acquired a new position in Koninklijke Philips in the 3rd quarter valued at about $27,000. CIBC Private Wealth Group LLC grew its stake in Koninklijke Philips by 179.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,272 shares of the technology company’s stock valued at $34,000 after buying an additional 817 shares during the last quarter. Navalign LLC bought a new position in Koninklijke Philips in the 4th quarter valued at about $54,000. Finally, Hilton Head Capital Partners LLC bought a new position in Koninklijke Philips in the 4th quarter valued at about $56,000. 13.67% of the stock is owned by institutional investors.

About Koninklijke Philips

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.