Koninklijke Philips (NYSE:PHG) Downgraded by Wall Street Zen to “Hold”

Koninklijke Philips (NYSE:PHG) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Koninklijke Philips in a research report on Monday. Sanford C. Bernstein raised shares of Koninklijke Philips to a “hold” rating in a research note on Wednesday. Finally, Royal Bank Of Canada initiated coverage on shares of Koninklijke Philips in a report on Wednesday. They set a “sector perform” rating on the stock. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Koninklijke Philips has a consensus rating of “Hold”.

Koninklijke Philips Trading Up 0.8%

NYSE:PHG opened at $26.70 on Friday. Koninklijke Philips has a 1 year low of $21.48 and a 1 year high of $29.54. The stock’s fifty day moving average price is $27.73 and its two-hundred day moving average price is $26.59. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 0.86. The company has a market cap of $25.71 billion, a P/E ratio of 133.51, a P/E/G ratio of 0.71 and a beta of 0.79.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. The company had revenue of $5.05 billion for the quarter, compared to analyst estimates of $4.30 billion. Koninklijke Philips had a return on equity of 12.14% and a net margin of 1.07%. As a group, analysts expect that Koninklijke Philips will post 1.63 EPS for the current year.

Institutional Investors Weigh In On Koninklijke Philips

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers lifted its position in Koninklijke Philips by 1.3% during the second quarter. Rhumbline Advisers now owns 29,306 shares of the technology company’s stock valued at $703,000 after purchasing an additional 388 shares during the last quarter. Franklin Resources Inc. lifted its holdings in shares of Koninklijke Philips by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 11,592 shares of the technology company’s stock worth $316,000 after acquiring an additional 439 shares during the last quarter. Kitching Partners LLC grew its position in Koninklijke Philips by 4.2% in the second quarter. Kitching Partners LLC now owns 11,259 shares of the technology company’s stock worth $270,000 after acquiring an additional 457 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in Koninklijke Philips by 4.4% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 11,357 shares of the technology company’s stock valued at $310,000 after acquiring an additional 478 shares during the last quarter. Finally, First Affirmative Financial Network raised its position in Koninklijke Philips by 5.1% during the third quarter. First Affirmative Financial Network now owns 11,418 shares of the technology company’s stock valued at $311,000 after purchasing an additional 550 shares in the last quarter. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.