Koninklijke Philips N.V. (NYSE:PHG) Given Consensus Rating of “Hold” by Analysts

Koninklijke Philips N.V. (NYSE:PHG) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company.

PHG has been the subject of several research reports. Wall Street Zen raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Sanford C. Bernstein upgraded Koninklijke Philips to a “hold” rating in a report on Wednesday, December 17th. Weiss Ratings raised Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Finally, Royal Bank Of Canada initiated coverage on Koninklijke Philips in a research report on Wednesday, December 17th. They issued a “sector perform” rating for the company.

Institutional Trading of Koninklijke Philips

A number of institutional investors have recently modified their holdings of PHG. Johnson Financial Group Inc. bought a new position in shares of Koninklijke Philips during the 3rd quarter worth approximately $27,000. AlphaCore Capital LLC acquired a new stake in Koninklijke Philips in the second quarter valued at approximately $41,000. Whipplewood Advisors LLC grew its holdings in Koninklijke Philips by 39.1% in the second quarter. Whipplewood Advisors LLC now owns 2,108 shares of the technology company’s stock worth $51,000 after purchasing an additional 592 shares during the last quarter. MAI Capital Management increased its position in shares of Koninklijke Philips by 167.7% during the second quarter. MAI Capital Management now owns 2,380 shares of the technology company’s stock worth $57,000 after purchasing an additional 1,491 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in shares of Koninklijke Philips during the 3rd quarter valued at $83,000. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Price Performance

Shares of PHG stock opened at $30.17 on Friday. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $30.30. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.68. The stock has a fifty day simple moving average of $27.78 and a two-hundred day simple moving average of $27.25. The stock has a market capitalization of $29.05 billion, a price-to-earnings ratio of 150.86, a P/E/G ratio of 0.85 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 for the quarter, meeting the consensus estimate of $0.37. Koninklijke Philips had a return on equity of 12.14% and a net margin of 1.07%.The firm had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $4.30 billion. On average, analysts predict that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

About Koninklijke Philips

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.