Koninklijke Philips NV Given Average Recommendation of “Hold” by Analysts (NYSE:PHG)
Koninklijke Philips NV (NYSE:PHG) has been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the stock, Analyst Ratings News reports. One analyst has rated the stock with a sell rating, ten have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $28.73.
Several analysts have recently commented on the stock. Analysts at TheStreet downgraded shares of Koninklijke Philips NV from a “buy” rating to a “hold” rating in a research note on Monday, May 12th. Separately, analysts at Espirito Santo Investment Bank Research downgraded shares of Koninklijke Philips NV from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 23rd. Finally, analysts at RBC Capital downgraded shares of Koninklijke Philips NV from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, April 23rd.
Koninklijke Philips NV (NYSE:PHG) traded up 0.18% during mid-day trading on Tuesday, hitting $32.60. The stock had a trading volume of 47,624 shares. Koninklijke Philips NV has a one year low of $26.51 and a one year high of $38.40. The stock’s 50-day moving average is $31.96 and its 200-day moving average is $34.49. The company has a market cap of $29.780 billion and a price-to-earnings ratio of 19.04.
Koninklijke Philips NV (NYSE:PHG) last announced its earnings results on Tuesday, April 22nd. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.03. The company had revenue of $5.03 billion for the quarter, compared to the consensus estimate of $5.23 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis.
Koninklijke Philips NV, formerly Koninklijke Philips Electronics NV, is the Netherlands-based parent company of the Philips Group (NYSE:PHG).
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