Koninklijke Philips’ (PHG) Neutral Rating Reiterated at UBS Group

UBS Group reiterated their neutral rating on shares of Koninklijke Philips (NYSE:PHG) in a research report sent to investors on Monday, MarketBeat.com reports.

A number of other research analysts have also commented on PHG. Weiss Ratings lowered shares of Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Zacks Research lowered shares of Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. Finally, Wall Street Zen upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Four investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Koninklijke Philips Trading Up 0.5%

NYSE:PHG opened at $26.59 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.26 and a quick ratio of 0.82. The firm has a market capitalization of $26.14 billion, a P/E ratio of 19.60, a P/E/G ratio of 10.98 and a beta of 0.76. Koninklijke Philips has a 12-month low of $23.85 and a 12-month high of $33.44. The business has a 50 day simple moving average of $26.62 and a 200 day simple moving average of $27.85.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $4.52 billion during the quarter, compared to analyst estimates of $4.49 billion. Koninklijke Philips had a net margin of 6.30% and a return on equity of 14.38%. Equities research analysts predict that Koninklijke Philips will post 1.75 EPS for the current year.

Institutional Trading of Koninklijke Philips

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada raised its position in Koninklijke Philips by 1.3% during the first quarter. Royal Bank of Canada now owns 269,829 shares of the technology company’s stock valued at $6,854,000 after buying an additional 3,540 shares during the period. AQR Capital Management LLC lifted its position in Koninklijke Philips by 60.8% in the 1st quarter. AQR Capital Management LLC now owns 17,010 shares of the technology company’s stock worth $432,000 after buying an additional 6,429 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Koninklijke Philips by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 846,253 shares of the technology company’s stock valued at $21,495,000 after acquiring an additional 12,908 shares in the last quarter. Jane Street Group LLC boosted its position in Koninklijke Philips by 125.8% during the first quarter. Jane Street Group LLC now owns 104,024 shares of the technology company’s stock valued at $2,642,000 after purchasing an additional 57,952 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Koninklijke Philips by 58.0% in the second quarter. JPMorgan Chase & Co. now owns 87,616 shares of the technology company’s stock valued at $2,101,000 after purchasing an additional 32,180 shares in the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.