Koninklijke Philips N.V. (PHG) – What Are Investment Firms Saying About This Stock?

Shares of Koninklijke Philips N.V. (NYSE:PHG) have been given an average recommendation of “Hold” by the five research firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation.

A number of research firms recently commented on PHG. Weiss Ratings cut Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, November 4th. Zacks Research raised Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. Finally, UBS Group cut shares of Koninklijke Philips from a “buy” rating to a “neutral” rating in a research report on Monday, August 3rd.

Institutional Investors Weigh In On Koninklijke Philips

Institutional investors have recently made changes to their positions in the business. Quantinno Capital Management LP boosted its stake in shares of Koninklijke Philips by 31.7% in the 1st quarter. Quantinno Capital Management LP now owns 392,219 shares of the technology company’s stock valued at $10,747,000 after purchasing an additional 94,413 shares in the last quarter. Tidal Investments LLC lifted its stake in Koninklijke Philips by 18.9% in the second quarter. Tidal Investments LLC now owns 401,637 shares of the technology company’s stock worth $10,921,000 after purchasing an additional 63,868 shares during the last quarter. Royal Bank of Canada lifted its stake in Koninklijke Philips by 13.1% in the first quarter. Royal Bank of Canada now owns 495,310 shares of the technology company’s stock worth $13,572,000 after purchasing an additional 57,514 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in Koninklijke Philips during the first quarter valued at about $1,478,000. Finally, Bank of America Corp DE boosted its position in Koninklijke Philips by 7.7% during the first quarter. Bank of America Corp DE now owns 700,141 shares of the technology company’s stock valued at $19,184,000 after buying an additional 50,124 shares during the period. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $30.37 on Wednesday. The stock has a market cap of $29.85 billion, a P/E ratio of 26.02, a P/E/G ratio of 6.57 and a beta of 0.74. Koninklijke Philips has a 12 month low of $23.62 and a 12 month high of $33.44. The company has a 50 day moving average of $25.91 and a 200 day moving average of $27.26. The company has a current ratio of 1.33, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60.

Koninklijke Philips Company Profile

Koninklijke Philips N.V., commonly known as Philips, is a Netherlands-based health technology company. It develops products and services for hospitals, health professionals and consumers, with offerings that include diagnostic imaging systems such as MRI, CT and ultrasound equipment, image-guided therapy technologies, and patient monitoring solutions. The company also provides connected care and personal health products, including sleep and respiratory care devices, oral healthcare products and grooming appliances.