Koninklijke Philips (NYSE:PHG) Receives Average Rating of “Hold” from Brokerages

Koninklijke Philips (NYSE:PHGGet Free Report) has received a consensus recommendation of “Hold” from the four research firms that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company.

A number of research analysts have recently commented on the stock. StockNews.com raised shares of Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a research note on Thursday, February 8th. BNP Paribas cut Koninklijke Philips from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 7th.

View Our Latest Report on PHG

Institutional Investors Weigh In On Koninklijke Philips

Several institutional investors and hedge funds have recently made changes to their positions in PHG. Principal Securities Inc. acquired a new stake in shares of Koninklijke Philips during the 4th quarter valued at approximately $27,000. Newbridge Financial Services Group Inc. increased its position in Koninklijke Philips by 166.7% in the third quarter. Newbridge Financial Services Group Inc. now owns 1,600 shares of the technology company’s stock worth $32,000 after buying an additional 1,000 shares during the period. Advisory Services Network LLC increased its position in Koninklijke Philips by 28.7% in the first quarter. Advisory Services Network LLC now owns 2,226 shares of the technology company’s stock worth $41,000 after buying an additional 496 shares during the period. Nemes Rush Group LLC acquired a new stake in Koninklijke Philips in the second quarter worth $43,000. Finally, Fifth Third Bancorp increased its position in Koninklijke Philips by 31.6% in the second quarter. Fifth Third Bancorp now owns 2,268 shares of the technology company’s stock worth $49,000 after buying an additional 545 shares during the period. 6.64% of the stock is owned by institutional investors and hedge funds.

Koninklijke Philips Price Performance

Koninklijke Philips stock opened at $20.65 on Thursday. Koninklijke Philips has a 52 week low of $15.63 and a 52 week high of $24.27. 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 firm’s 50-day simple moving average is $22.30 and its 200 day simple moving average is $21.13. The firm has a market capitalization of $19.18 billion, a PE ratio of -36.23, a P/E/G ratio of 0.96 and a beta of 0.90.

About Koninklijke Philips

(Get Free Report

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. The company 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; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.

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