Koninklijke Philips N.V. (NYSE:PHG) Stock Rated “Hold” by Sell-Side Brokerages

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

A number of research firms 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 Wednesday. Finally, Zacks Research raised Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th.

Koninklijke Philips Trading Down 0.1%

Shares of NYSE:PHG opened at $26.90 on Friday. The stock has a market capitalization of $26.44 billion, a PE ratio of 14.09, a P/E/G ratio of 11.19 and a beta of 0.77. The firm has a fifty day moving average price of $25.54 and a 200 day moving average price of $26.43. Koninklijke Philips has a 1 year low of $23.62 and a 1 year high of $33.44. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.17. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%. The firm had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter in the prior year, the business earned $0.27 earnings per share. The company’s revenue was down 3.0% on a year-over-year basis. Analysts expect that Koninklijke Philips will post 1.74 EPS for the current fiscal year.

Institutional Trading of Koninklijke Philips

Several hedge funds have recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Koninklijke Philips by 19.8% during the first quarter. Bessemer Group Inc. now owns 2,756 shares of the technology company’s stock worth $76,000 after acquiring an additional 456 shares in the last quarter. HB Wealth Management LLC grew its position in shares of Koninklijke Philips by 3.3% in the 1st quarter. HB Wealth Management LLC now owns 16,854 shares of the technology company’s stock worth $462,000 after buying an additional 539 shares during the last quarter. First Trust Advisors LP increased its position in Koninklijke Philips by 1.1% during the 1st quarter. First Trust Advisors LP now owns 59,131 shares of the technology company’s stock valued at $1,620,000 after purchasing an additional 625 shares during the period. Trust Point Inc. raised its stake in Koninklijke Philips by 10.3% in the second quarter. Trust Point Inc. now owns 9,236 shares of the technology company’s stock worth $251,000 after buying an additional 864 shares in the last quarter. Finally, Cloverfields Capital Group LP boosted its position in shares of Koninklijke Philips by 1.2% during the first quarter. Cloverfields Capital Group LP now owns 70,940 shares of the technology company’s stock valued at $1,944,000 after purchasing an additional 868 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. is a Netherlands-based health technology company that develops products, services and software for healthcare providers, patients and consumers. Its portfolio includes diagnostic imaging systems, such as magnetic resonance imaging, computed tomography and X-ray equipment; ultrasound systems; image-guided therapy technologies; patient monitoring and hospital informatics solutions; and connected care products.

Philips also serves consumers through personal health products, including electric toothbrushes, oral healthcare systems, mother and child care products, and sleep and respiratory care devices.