Koninklijke Philips (NYSE:PHG) Stock Rating Lowered by Zacks Research

Koninklijke Philips (NYSE:PHG) was downgraded by Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

A number of other equities analysts have also commented on PHG. Weiss Ratings raised Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, July 6th. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Three analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Koninklijke Philips has a consensus rating of “Reduce”.

Koninklijke Philips Stock Performance

NYSE:PHG opened at $27.26 on Wednesday. The stock has a market capitalization of $26.79 billion, a P/E ratio of 23.36, a price-to-earnings-growth ratio of 5.81 and a beta of 0.75. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a 1 year low of $24.30 and a 1 year high of $33.44. The firm has a 50 day moving average of $26.69 and a 200-day moving average of $28.08.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Koninklijke Philips had a return on equity of 13.51% and a net margin of 5.49%.The business had revenue of $4.52 billion for the quarter, compared to analyst estimates of $4.49 billion. As a group, sell-side analysts anticipate that Koninklijke Philips will post 1.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PHG. Royal Bank of Canada lifted its holdings in Koninklijke Philips by 1.3% during the 1st quarter. Royal Bank of Canada now owns 269,829 shares of the technology company’s stock worth $6,854,000 after buying an additional 3,540 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Koninklijke Philips by 60.8% in the 1st quarter. AQR Capital Management LLC now owns 17,010 shares of the technology company’s stock valued at $432,000 after buying an additional 6,429 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Koninklijke Philips by 1.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 846,253 shares of the technology company’s stock valued at $21,495,000 after buying an additional 12,908 shares during the period. Jane Street Group LLC raised its position in shares of Koninklijke Philips by 125.8% during the first quarter. Jane Street Group LLC now owns 104,024 shares of the technology company’s stock worth $2,642,000 after acquiring an additional 57,952 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Koninklijke Philips by 58.0% during the second quarter. JPMorgan Chase & Co. now owns 87,616 shares of the technology company’s stock worth $2,101,000 after acquiring an additional 32,180 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.

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.