Koninklijke Philips (NYSE:PHG) Rating Lowered to Hold at Wall Street Zen

Koninklijke Philips (NYSE:PHG) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued on Sunday.

Several other research firms have also recently commented on PHG. Royal Bank Of Canada assumed coverage on Koninklijke Philips in a research report on Wednesday, December 17th. They issued a “sector perform” rating on the stock. Zacks Research upgraded Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Weiss Ratings cut Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. Finally, Sanford C. Bernstein upgraded Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Koninklijke Philips Trading Up 0.4%

Shares of NYSE PHG opened at $27.22 on Friday. The company has a market cap of $26.21 billion, a price-to-earnings ratio of 25.67, a price-to-earnings-growth ratio of 7.04 and a beta of 0.81. Koninklijke Philips has a 12-month low of $21.48 and a 12-month high of $33.44. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $29.25 and its 200 day simple moving average is $28.39.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Tuesday, February 10th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.20. The business had revenue of $5.98 billion for the quarter, compared to the consensus estimate of $5.03 billion. Koninklijke Philips had a return on equity of 13.68% and a net margin of 5.09%. Equities research analysts expect that Koninklijke Philips will post 1.63 EPS for the current year.

Institutional Trading of Koninklijke Philips

Large investors have recently added to or reduced their stakes in the business. Mondrian Investment Partners LTD bought a new stake in shares of Koninklijke Philips in the 3rd quarter worth $215,529,000. U.S. Capital Wealth Advisors LLC raised its stake in shares of Koninklijke Philips by 646.3% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 64,084 shares of the technology company’s stock worth $1,747,000 after buying an additional 55,497 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Koninklijke Philips in the 3rd quarter worth $875,000. Causeway Capital Management LLC raised its stake in shares of Koninklijke Philips by 5.8% in the 3rd quarter. Causeway Capital Management LLC now owns 1,958,112 shares of the technology company’s stock worth $53,378,000 after buying an additional 107,117 shares in the last quarter. Finally, XY Capital Ltd raised its stake in shares of Koninklijke Philips by 356.8% in the 3rd quarter. XY Capital Ltd now owns 64,413 shares of the technology company’s stock worth $1,756,000 after buying an additional 50,313 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors and hedge funds.

About Koninklijke Philips

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.