Koninklijke Philips N.V. (NYSE:PHG) Receives Consensus Recommendation of “Hold” from Brokerages

Koninklijke Philips N.V. (NYSE:PHG) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company.

PHG has been the subject of several recent analyst reports. Zacks Research cut Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Royal Bank Of Canada started coverage on shares of Koninklijke Philips in a report on Wednesday, December 17th. They issued a “sector perform” rating for the company. Weiss Ratings upgraded shares of Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. Finally, Wall Street Zen upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, January 10th.

Institutional Trading of Koninklijke Philips

A number of hedge funds and other institutional investors have recently modified their holdings of PHG. Johnson Financial Group Inc. purchased a new stake in shares of Koninklijke Philips in the third quarter valued at $27,000. Flagship Harbor Advisors LLC purchased a new position in Koninklijke Philips during the 4th quarter valued at about $31,000. AlphaCore Capital LLC acquired a new position in shares of Koninklijke Philips in the 2nd quarter valued at about $41,000. Whipplewood Advisors LLC lifted its position in shares of Koninklijke Philips by 39.1% in the second quarter. Whipplewood Advisors LLC now owns 2,108 shares of the technology company’s stock worth $51,000 after purchasing an additional 592 shares in the last quarter. Finally, Navalign LLC acquired a new stake in shares of Koninklijke Philips during the fourth quarter worth approximately $54,000. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

NYSE PHG opened at $29.50 on Thursday. The company has a 50-day moving average price of $28.11 and a two-hundred day moving average price of $27.76. Koninklijke Philips has a 52 week low of $21.48 and a 52 week high of $30.30. The stock has a market cap of $28.41 billion, a price-to-earnings ratio of 147.51, a price-to-earnings-growth ratio of 0.82 and a beta of 0.79. 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 released its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.37 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.37. Koninklijke Philips had a return on equity of 12.14% and a net margin of 1.07%.The company had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Analysts forecast that Koninklijke Philips will post 1.63 EPS for the current year.

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.