Koninklijke Philips (PHG) Rating Increased to Buy at Berenberg Bank

Koninklijke Philips (NYSE:PHG) was upgraded by Berenberg Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, MarketBeat.com reports.

A number of other equities research analysts also recently weighed in on PHG. BNP Paribas downgraded shares of Koninklijke Philips from an “outperform” rating to a “neutral” rating in a research report on Monday, October 16th. Citigroup reaffirmed a “buy” rating on shares of Koninklijke Philips in a research report on Tuesday, October 24th. Zacks Investment Research downgraded shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Finally, JPMorgan Chase & Co. downgraded shares of Koninklijke Philips from an “overweight” rating to a “neutral” rating in a research report on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Koninklijke Philips has an average rating of “Buy” and a consensus target price of $40.50.

Shares of Koninklijke Philips (NYSE:PHG) traded up $0.69 during trading hours on Monday, hitting $37.10. 2,058,228 shares of the company were exchanged, compared to its average volume of 1,710,000. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.34. Koninklijke Philips has a twelve month low of $28.76 and a twelve month high of $42.35. The company has a market cap of $34,780.00, a P/E ratio of 31.44, a PEG ratio of 1.89 and a beta of 1.30.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Tuesday, January 30th. The technology company reported $0.59 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.59. Koninklijke Philips had a net margin of 8.68% and a return on equity of 6.93%. The business had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $5.42 billion. During the same quarter in the prior year, the firm earned $0.67 EPS. The company’s revenue for the quarter was down 26.8% compared to the same quarter last year. analysts expect that Koninklijke Philips will post 2.12 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of PHG. FNY Partners Fund LP bought a new position in Koninklijke Philips in the 3rd quarter worth about $111,000. Whittier Trust Co. grew its position in Koninklijke Philips by 243.7% in the 3rd quarter. Whittier Trust Co. now owns 4,781 shares of the technology company’s stock worth $197,000 after purchasing an additional 3,390 shares during the last quarter. Park National Corp OH bought a new position in Koninklijke Philips in the 3rd quarter worth about $201,000. Creative Planning bought a new position in Koninklijke Philips in the 4th quarter worth about $204,000. Finally, Shufro Rose & Co. LLC bought a new position in Koninklijke Philips in the 3rd quarter worth about $208,000. Hedge funds and other institutional investors own 6.39% of the company’s stock.

WARNING: “Koninklijke Philips (PHG) Rating Increased to Buy at Berenberg Bank” was posted by American Banking News and is the property of of American Banking News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2018/02/12/koninklijke-philips-phg-rating-increased-to-buy-at-berenberg-bank.html.

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)

Receive News & Ratings for Koninklijke Philips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply