Favorable News Coverage Somewhat Unlikely to Impact Koninklijke Philips NV (PHG) Stock Price
News stories about Koninklijke Philips NV (NYSE:PHG) have trended positive this week, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Koninklijke Philips NV earned a media sentiment score of 0.27 on Accern’s scale. Accern also gave media coverage about the technology company an impact score of 43.8852428844068 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s scoring:
- Philips supports global transformation of pathology with two new fully digitized labs in Austria (finance.yahoo.com)
- Koninklijke Philips N.V. (PHG) Upgraded to Strong-Buy by Zacks Investment Research (americanbankingnews.com)
- Philips and HeartFlow Announce Global Collaboration Agreement (finance.yahoo.com)
- Fortune 500 company bringing jobs to Middle Tennessee (finance.yahoo.com)
- Philips to build health technology center in Tennessee (finance.yahoo.com)
PHG has been the topic of a number of recent research reports. Zacks Investment Research raised Koninklijke Philips NV from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Tuesday, July 4th. Canaccord Genuity reaffirmed a “buy” rating and set a $37.00 price objective on shares of Koninklijke Philips NV in a research note on Monday, July 3rd. BidaskClub cut Koninklijke Philips NV from a “strong-buy” rating to a “buy” rating in a research note on Monday, July 24th. J P Morgan Chase & Co reaffirmed a “buy” rating on shares of Koninklijke Philips NV in a research note on Monday, July 24th. Finally, Deutsche Bank AG cut Koninklijke Philips NV from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Koninklijke Philips NV has an average rating of “Buy” and a consensus target price of $37.00.
Koninklijke Philips NV (NYSE:PHG) traded down 0.50% during mid-day trading on Wednesday, hitting $37.84. 601,694 shares of the stock were exchanged. The firm has a market capitalization of $35.46 billion, a price-to-earnings ratio of 20.54 and a beta of 1.34. Koninklijke Philips NV has a 52 week low of $28.19 and a 52 week high of $38.61. The company’s 50-day moving average price is $37.31 and its 200 day moving average price is $34.34.
Koninklijke Philips NV (NYSE:PHG) last announced its quarterly earnings results on Monday, July 24th. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by $0.18. Koninklijke Philips NV had a net margin of 3.73% and a return on equity of 3.92%. The company had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the prior year, the business earned $0.46 earnings per share. Koninklijke Philips NV’s revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that Koninklijke Philips NV will post $1.95 EPS for the current year.
Koninklijke Philips NV announced that its Board of Directors has authorized a share repurchase plan on Wednesday, June 28th that authorizes the company to buyback shares. This buyback authorization authorizes the technology company to repurchase up to 4.5% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.
About Koninklijke Philips NV
Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
Receive News & Stock Ratings for Koninklijke Philips NV Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips NV and related stocks with our FREE daily email newsletter.