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.
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.
Featured Story: Asset Allocation Models, Which is Right For You?
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.