Koninklijke Philips (NYSE:PHG) Receives Consensus Recommendation of “Hold” from Analysts

Koninklijke Philips (NYSE:PHGGet Free Report) has earned an average recommendation of “Hold” from the four research firms that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company.

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a report on Thursday. BNP Paribas cut shares of Koninklijke Philips from an “outperform” rating to an “underperform” rating in a research note on Wednesday.

Read Our Latest Stock Analysis on PHG

Institutional Trading of Koninklijke Philips

Several hedge funds have recently modified their holdings of the stock. Principal Securities Inc. bought a new position in Koninklijke Philips in the fourth quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. boosted its stake in Koninklijke Philips by 166.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,600 shares of the technology company’s stock valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. Advisory Services Network LLC boosted its stake in Koninklijke Philips by 28.7% in the first quarter. Advisory Services Network LLC now owns 2,226 shares of the technology company’s stock valued at $41,000 after acquiring an additional 496 shares during the last quarter. Nemes Rush Group LLC bought a new position in Koninklijke Philips in the second quarter valued at approximately $43,000. Finally, Fifth Third Bancorp boosted its stake in Koninklijke Philips by 31.6% in the second quarter. Fifth Third Bancorp now owns 2,268 shares of the technology company’s stock valued at $49,000 after acquiring an additional 545 shares during the last quarter. 6.64% of the stock is owned by institutional investors.

Koninklijke Philips Stock Performance

NYSE PHG opened at $20.60 on Thursday. The firm has a market cap of $19.13 billion, a price-to-earnings ratio of -36.14, a PEG ratio of 0.95 and a beta of 0.90. The company has a 50 day moving average of $22.30 and a 200-day moving average of $21.13. The company has a current ratio of 1.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. Koninklijke Philips has a 1-year low of $15.63 and a 1-year high of $24.27.

Koninklijke Philips Company Profile

(Get Free Report

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. The company provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.

Read More

Receive News & Ratings for Koninklijke Philips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips and related companies with MarketBeat.com's FREE daily email newsletter.