Koninklijke Philips (NYSE:PHG) Given Consensus Rating of “Hold” by Analysts

Koninklijke Philips (NYSE:PHG) has been given a consensus rating of “Hold” by the four research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Principal Securities Inc. bought a new stake in shares of Koninklijke Philips in the fourth quarter valued at approximately $27,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Koninklijke Philips during the 1st quarter valued at $40,000. Fifth Third Bancorp grew its holdings in shares of Koninklijke Philips by 34.4% during the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the technology company’s stock worth $60,000 after purchasing an additional 770 shares in the last quarter. Allworth Financial LP increased its position in shares of Koninklijke Philips by 113.3% in the third quarter. Allworth Financial LP now owns 3,242 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,722 shares during the period. Finally, Spire Wealth Management raised its stake in Koninklijke Philips by 127.2% in the third quarter. Spire Wealth Management now owns 3,446 shares of the technology company’s stock valued at $69,000 after purchasing an additional 1,929 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Up 0.3 %

NYSE:PHG opened at $26.90 on Tuesday. Koninklijke Philips has a twelve month low of $17.75 and a twelve month high of $29.44. The firm has a market capitalization of $24.98 billion, a price-to-earnings ratio of -28.02, a price-to-earnings-growth ratio of 1.39 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 moving average price is $21.22 and its two-hundred day moving average price is $21.27.

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.