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

Koninklijke Philips N.V. (NYSE:PHG) has earned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold rating.

Several brokerages recently issued reports on PHG. UBS Group reiterated a “neutral” rating on shares of Koninklijke Philips in a research note on Monday, August 3rd. Weiss Ratings upgraded Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Zacks Research raised Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd.

Koninklijke Philips Stock Performance

NYSE PHG opened at $26.95 on Friday. The firm has a market capitalization of $26.48 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 11.20 and a beta of 0.76. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The firm’s fifty day moving average price is $26.92 and its two-hundred day moving average price is $27.62. Koninklijke Philips has a 1 year low of $23.85 and a 1 year high of $33.44.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Monday, July 27th. The technology company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.17. The company had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.91 billion. Koninklijke Philips had a net margin of 6.30% and a return on equity of 14.38%. The company’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.27 EPS. As a group, research analysts anticipate that Koninklijke Philips will post 1.75 EPS for the current year.

Hedge Funds Weigh In On Koninklijke Philips

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PHG. Corient Private Wealth LP increased its holdings in shares of Koninklijke Philips by 7.7% in the second quarter. Corient Private Wealth LP now owns 51,227 shares of the technology company’s stock valued at $1,393,000 after purchasing an additional 3,684 shares during the last quarter. HB Wealth Management LLC lifted its stake in shares of Koninklijke Philips by 9.1% during the 2nd quarter. HB Wealth Management LLC now owns 18,385 shares of the technology company’s stock worth $500,000 after buying an additional 1,531 shares during the last quarter. XY Capital Ltd bought a new stake in shares of Koninklijke Philips during the 2nd quarter worth about $496,000. Riverview Capital Advisers LLC boosted its holdings in shares of Koninklijke Philips by 3.7% during the 2nd quarter. Riverview Capital Advisers LLC now owns 25,412 shares of the technology company’s stock worth $691,000 after buying an additional 909 shares during the period. Finally, Concurrent Investment Advisors LLC grew its stake in Koninklijke Philips by 26.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 43,726 shares of the technology company’s stock valued at $1,189,000 after buying an additional 9,255 shares during the last quarter. 13.67% of the stock is owned by 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.