Shares of Koninklijke Philips N.V. (NYSE:PHG) have been assigned a consensus rating of “Buy” from the twelve brokerages that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $37.00.

PHG has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Koninklijke Philips N.V. from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Wednesday, June 7th. Canaccord Genuity reissued a “buy” rating and issued a $37.00 target price on shares of Koninklijke Philips N.V. in a research report on Monday, July 3rd. Natixis lowered Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 21st. Deutsche Bank AG lowered Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, J P Morgan Chase & Co reissued a “buy” rating on shares of Koninklijke Philips N.V. in a research report on Monday, July 24th.

Shares of Koninklijke Philips N.V. (NYSE PHG) traded up 1.85% during mid-day trading on Tuesday, hitting $41.24. 4,173,373 shares of the stock traded hands. Koninklijke Philips N.V. has a 1-year low of $28.19 and a 1-year high of $41.44. The company’s 50-day moving average price is $38.02 and its 200 day moving average price is $35.07. The company has a market capitalization of $38.64 billion, a PE ratio of 22.39 and a beta of 1.34.

Koninklijke Philips N.V. (NYSE:PHG) last announced its quarterly earnings results on Monday, July 24th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.18). The firm had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.38 billion. Koninklijke Philips N.V. had a return on equity of 8.92% and a net margin of 6.39%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.46 EPS. Equities research analysts forecast that Koninklijke Philips N.V. will post $1.95 EPS for the current fiscal year.

Koninklijke Philips N.V. announced that its board has approved a stock buyback plan on Wednesday, June 28th that allows the company to buyback shares. This buyback authorization allows the technology company to buy up to 4.5% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Koninklijke Philips N.V. by 0.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,708 shares of the technology company’s stock valued at $504,000 after purchasing an additional 44 shares during the last quarter. OLD National Bancorp IN increased its position in shares of Koninklijke Philips N.V. by 0.4% during the 2nd quarter. OLD National Bancorp IN now owns 24,254 shares of the technology company’s stock valued at $869,000 after purchasing an additional 85 shares during the last quarter. O Shaughnessy Asset Management LLC increased its position in shares of Koninklijke Philips N.V. by 2.5% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,767 shares of the technology company’s stock valued at $217,000 after purchasing an additional 167 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Koninklijke Philips N.V. by 0.9% during the 2nd quarter. Moors & Cabot Inc. now owns 20,538 shares of the technology company’s stock valued at $736,000 after purchasing an additional 192 shares during the last quarter. Finally, Sit Investment Associates Inc. increased its position in shares of Koninklijke Philips N.V. by 0.5% during the 2nd quarter. Sit Investment Associates Inc. now owns 41,023 shares of the technology company’s stock valued at $1,469,000 after purchasing an additional 223 shares during the last quarter. 7.56% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips N.V. Company Profile

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.

Analyst Recommendations for Koninklijke Philips N.V. (NYSE:PHG)

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