Shares of Koninklijke Philips NV (NYSE:PHG) have earned an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $40.50.

A number of equities analysts recently issued reports on PHG shares. Zacks Investment Research raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Tuesday, September 26th. Citigroup reaffirmed a “buy” rating on shares of Koninklijke Philips in a report on Tuesday, October 24th. BNP Paribas downgraded shares of Koninklijke Philips from an “outperform” rating to a “neutral” rating in a report on Monday, October 16th. Finally, JPMorgan Chase & Co. downgraded shares of Koninklijke Philips from an “overweight” rating to a “neutral” rating in a report on Thursday, November 9th.

Koninklijke Philips (NYSE:PHG) traded up $0.72 on Monday, hitting $40.64. 1,184,700 shares of the company were exchanged, compared to its average volume of 1,340,456. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.15 and a current ratio of 1.40. The stock has a market capitalization of $38,074.03, a P/E ratio of 24.19, a price-to-earnings-growth ratio of 2.53 and a beta of 1.38. Koninklijke Philips has a one year low of $28.71 and a one year high of $42.35.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Monday, October 23rd. The technology company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The business had revenue of $4.15 billion during the quarter, compared to analysts’ expectations of $4.27 billion. Koninklijke Philips had a return on equity of 7.19% and a net margin of 6.67%. The business’s quarterly revenue was down 29.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.40 EPS. research analysts predict that Koninklijke Philips will post 1.39 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of PHG. FNY Partners Fund LP purchased a new position in Koninklijke Philips during the third quarter valued at approximately $111,000. YorkBridge Wealth Partners LLC lifted its holdings in Koninklijke Philips by 8.9% during the second quarter. YorkBridge Wealth Partners LLC now owns 3,783 shares of the technology company’s stock valued at $135,000 after purchasing an additional 309 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Koninklijke Philips by 7.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,333 shares of the technology company’s stock valued at $191,000 after purchasing an additional 374 shares in the last quarter. Whittier Trust Co. lifted its holdings in Koninklijke Philips by 243.7% during the third quarter. Whittier Trust Co. now owns 4,781 shares of the technology company’s stock valued at $197,000 after purchasing an additional 3,390 shares in the last quarter. Finally, Park National Corp OH bought a new stake in shares of Koninklijke Philips during the third quarter valued at approximately $201,000. 7.23% of the stock is currently owned by institutional investors and hedge funds.

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About Koninklijke Philips

Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The 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 (NYSE:PHG)

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