Koninklijke Philips N.V. (NYSE:PHG) Receives Consensus Rating of “Hold” from Brokerages

Koninklijke Philips N.V. (NYSE:PHG) has been given an average recommendation of “Hold” by the five research firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating.

A number of research firms have recently issued reports on PHG. Weiss Ratings raised shares of Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, August 4th. UBS Group restated a “neutral” rating on shares of Koninklijke Philips in a research report on Monday, August 3rd. Finally, Zacks Research raised shares of Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th.

Institutional Investors Weigh In On Koninklijke Philips

A number of large investors have recently made changes to their positions in PHG. Whipplewood Advisors LLC lifted its position in Koninklijke Philips by 923.7% during the first quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company’s stock worth $27,000 after buying an additional 896 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of Koninklijke Philips in the 2nd quarter worth $47,000. Hilton Head Capital Partners LLC purchased a new position in shares of Koninklijke Philips during the 4th quarter worth $56,000. Bessemer Group Inc. raised its holdings in shares of Koninklijke Philips by 19.8% during the 1st quarter. Bessemer Group Inc. now owns 2,756 shares of the technology company’s stock worth $76,000 after acquiring an additional 456 shares during the period. Finally, Root Financial Partners LLC boosted its position in shares of Koninklijke Philips by 43.0% during the 4th quarter. Root Financial Partners LLC now owns 4,364 shares of the technology company’s stock valued at $118,000 after acquiring an additional 1,313 shares during the last quarter. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Price Performance

NYSE:PHG opened at $24.98 on Tuesday. The stock has a 50 day moving average of $26.12 and a two-hundred day moving average of $26.79. Koninklijke Philips has a 12 month low of $23.85 and a 12 month high of $33.44. The firm has a market cap of $24.55 billion, a P/E ratio of 18.40, a price-to-earnings-growth ratio of 10.35 and a beta of 0.76. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings results on Monday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.17. The firm had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.91 billion. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%.The business’s revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 earnings per share. On average, analysts expect that Koninklijke Philips will post 1.75 earnings per share for the current fiscal year.

About Koninklijke Philips

Koninklijke Philips N.V. is a Netherlands-based health technology company headquartered in Amsterdam. Founded in 1891 by Gerard Philips and his father, Frederik Philips, the company originally focused on electric light bulbs before expanding into consumer electronics and, later, health care technology.

Philips develops products and services across diagnostic imaging, image-guided therapy, patient monitoring, clinical informatics, and connected care. Its offerings include magnetic resonance imaging, computed tomography and ultrasound systems, hospital monitoring solutions, respiratory and sleep-care products, and software designed to support health care professionals and clinical workflows.

Through its Personal Health business, Philips also provides products such as electric toothbrushes, grooming devices, mother and child care products, and other wellness solutions.