Shares of Koninklijke Philips NV (NYSE:PHG) have been assigned an average recommendation of “Buy” from the ten brokerages that are covering the company. Four analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $30.00.

PHG has been the subject of several research reports. Deutsche Bank AG reissued a “buy” rating on shares of Koninklijke Philips NV in a report on Tuesday, March 21st. Citigroup Inc reissued a “buy” rating on shares of Koninklijke Philips NV in a report on Thursday, January 26th. Zacks Investment Research raised shares of Koninklijke Philips NV from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 11th. Berenberg Bank initiated coverage on shares of Koninklijke Philips NV in a report on Tuesday, February 7th. They set a “hold” rating for the company. Finally, Societe Generale cut shares of Koninklijke Philips NV from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th.

Shares of Koninklijke Philips NV (NYSE:PHG) opened at 36.45 on Monday. Koninklijke Philips NV has a 52 week low of $23.00 and a 52 week high of $36.49. The stock’s 50 day moving average is $32.76 and its 200 day moving average is $30.50.

Koninklijke Philips NV (NYSE:PHG) last released its quarterly earnings data on Monday, April 24th. The technology company reported $0.20 earnings per share for the quarter, meeting the consensus estimate of $0.20. Koninklijke Philips NV had a net margin of 5.89% and a return on equity of 9.00%. The firm earned $5.72 billion during the quarter, compared to analysts’ expectations of $5.70 billion. During the same period in the previous year, the company earned $0.03 earnings per share. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. Equities analysts forecast that Koninklijke Philips NV will post $1.95 earnings per share for the current year.

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A number of hedge funds have recently made changes to their positions in PHG. World Asset Management Inc boosted its stake in shares of Koninklijke Philips NV by 9.1% in the third quarter. World Asset Management Inc now owns 63,056 shares of the technology company’s stock worth $1,866,000 after buying an additional 5,245 shares in the last quarter. Capital One National Association boosted its stake in shares of Koninklijke Philips NV by 1.4% in the third quarter. Capital One National Association now owns 10,577 shares of the technology company’s stock worth $313,000 after buying an additional 150 shares in the last quarter. Manning & Napier Advisors LLC boosted its stake in shares of Koninklijke Philips NV by 0.8% in the third quarter. Manning & Napier Advisors LLC now owns 93,774 shares of the technology company’s stock worth $2,774,000 after buying an additional 790 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of Koninklijke Philips NV by 5.5% in the third quarter. Wells Fargo & Company MN now owns 1,934,629 shares of the technology company’s stock worth $57,246,000 after buying an additional 101,047 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. boosted its stake in shares of Koninklijke Philips NV by 6.7% in the third quarter. Schwartz Investment Counsel Inc. now owns 48,008 shares of the technology company’s stock worth $1,421,000 after buying an additional 3,000 shares in the last quarter. 6.92% of the stock is owned by institutional investors and hedge funds.

About Koninklijke Philips NV

Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

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