Koninklijke Philips (NYSE:PHG) Given Average Rating of “Hold” by Brokerages

Koninklijke Philips (NYSE:PHG) has received an average rating of “Hold” from the four ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company.

PHG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised Koninklijke Philips from an “underweight” rating to a “neutral” rating in a report on Tuesday, April 30th. UBS Group raised shares of Koninklijke Philips from a “sell” rating to a “neutral” rating in a report on Tuesday, April 30th. BNP Paribas cut shares of Koninklijke Philips from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 7th. Finally, StockNews.com upgraded shares of Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th.

Institutional Trading of Koninklijke Philips

Several hedge funds have recently modified their holdings of the company. Principal Securities Inc. purchased a new position in shares of Koninklijke Philips in the fourth quarter valued at $27,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Koninklijke Philips in the 1st quarter worth $40,000. Fifth Third Bancorp grew its stake in shares of Koninklijke Philips by 34.4% in the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the technology company’s stock worth $60,000 after buying an additional 770 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Koninklijke Philips by 113.3% in the 3rd quarter. Allworth Financial LP now owns 3,242 shares of the technology company’s stock worth $65,000 after buying an additional 1,722 shares during the last quarter. Finally, Spire Wealth Management raised its position in shares of Koninklijke Philips by 127.2% during the 3rd quarter. Spire Wealth Management now owns 3,446 shares of the technology company’s stock valued at $69,000 after buying an additional 1,929 shares in the last quarter. 13.67% of the stock is owned by hedge funds and other institutional investors.

Koninklijke Philips Price Performance

Shares of Koninklijke Philips stock opened at $26.82 on Tuesday. The company has a market capitalization of $24.91 billion, a price-to-earnings ratio of -27.94, a PEG ratio of 1.38 and a beta of 0.75. The company has a quick ratio of 0.78, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock’s 50-day simple moving average is $21.09 and its 200-day simple moving average is $21.18. Koninklijke Philips has a 52 week low of $17.75 and a 52 week high of $29.44.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also 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.