Koninklijke Philips (NYSE:PHG) Stock Rating Lowered by Citigroup

Citigroup lowered shares of Koninklijke Philips (NYSE:PHG) from a buy rating to a neutral rating in a report issued on Wednesday, PriceTargets.com reports.

PHG has been the subject of several other research reports. Credit Suisse Group reissued a neutral rating on shares of Koninklijke Philips in a research report on Monday, October 25th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Koninklijke Philips from €36.00 ($40.91) to €35.00 ($39.77) in a research note on Monday, January 10th. Barclays restated an overweight rating on shares of Koninklijke Philips in a research note on Wednesday, October 27th. JPMorgan Chase & Co. restated a neutral rating on shares of Koninklijke Philips in a research note on Tuesday, October 19th. Finally, Zacks Investment Research downgraded shares of Koninklijke Philips from a hold rating to a strong sell rating and set a $39.00 target price for the company. in a research note on Tuesday, September 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average target price of $40.00.

Koninklijke Philips stock opened at $34.39 on Wednesday. Koninklijke Philips has a 52-week low of $32.69 and a 52-week high of $61.23. The firm has a fifty day moving average of $37.79 and a 200-day moving average of $43.16. The firm has a market capitalization of $31.13 billion, a P/E ratio of 7.30, a PEG ratio of 1.32 and a beta of 0.88. The company has a quick ratio of 0.71, a current ratio of 1.08 and a debt-to-equity ratio of 0.49.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Sunday, October 17th. The technology company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.10). Koninklijke Philips had a return on equity of 13.68% and a net margin of 20.44%. The business had revenue of $4.16 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period in the previous year, the company earned $0.60 EPS. Koninklijke Philips’s revenue was down 5.8% on a year-over-year basis. On average, research analysts expect that Koninklijke Philips will post 2.26 EPS for the current fiscal year.

Several large investors have recently modified their holdings of PHG. PSI Advisors LLC acquired a new stake in shares of Koninklijke Philips during the third quarter worth $48,000. Advisory Services Network LLC acquired a new stake in shares of Koninklijke Philips during the second quarter worth $56,000. Koshinski Asset Management Inc. acquired a new stake in shares of Koninklijke Philips in the 3rd quarter worth about $63,000. Liberty Wealth Management LLC increased its holdings in shares of Koninklijke Philips by 28.7% in the 3rd quarter. Liberty Wealth Management LLC now owns 1,503 shares of the technology company’s stock worth $69,000 after acquiring an additional 335 shares during the period. Finally, NEXT Financial Group Inc increased its holdings in shares of Koninklijke Philips by 22.2% in the 3rd quarter. NEXT Financial Group Inc now owns 1,604 shares of the technology company’s stock worth $71,000 after acquiring an additional 291 shares during the period. 8.48% of the stock is currently owned by institutional investors.

Koninklijke Philips Company Profile

Koninklijke Philips NV is a technology company, which engages in the healthcare, lighting, and consumer well-being markets. It operates through the following segments: Personal Health, Diagnosis & Treatment, Connected Care & Health Informatics, and Other. The Personal Health segment focuses on healthy living and preventative care.

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Analyst Recommendations for Koninklijke Philips (NYSE:PHG)

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