Koninklijke Philips N.V. (NYSE:PHG) Given Average Recommendation of “Reduce” by Analysts

Koninklijke Philips N.V. (NYSE:PHG) has been given a consensus rating of “Reduce” by the five research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company.

Several research firms recently issued reports on PHG. Zacks Research cut Koninklijke Philips from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. UBS Group reissued a “neutral” rating on shares of Koninklijke Philips in a report on Monday, August 3rd. Wall Street Zen upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings raised shares of Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th.

Hedge Funds Weigh In On Koninklijke Philips

Several large investors have recently bought and sold shares of the business. Lido Advisors LLC raised its position in Koninklijke Philips by 3.7% in the 4th quarter. Lido Advisors LLC now owns 9,062 shares of the technology company’s stock valued at $247,000 after buying an additional 323 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Koninklijke Philips by 1.3% in the second quarter. Rhumbline Advisers now owns 29,306 shares of the technology company’s stock valued at $703,000 after purchasing an additional 388 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Koninklijke Philips by 5.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,759 shares of the technology company’s stock worth $210,000 after purchasing an additional 399 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Koninklijke Philips by 3.9% during the third quarter. Franklin Resources Inc. now owns 11,592 shares of the technology company’s stock worth $316,000 after purchasing an additional 439 shares during the last quarter. Finally, Bessemer Group Inc. grew its position in Koninklijke Philips by 19.8% in the first quarter. Bessemer Group Inc. now owns 2,756 shares of the technology company’s stock valued at $76,000 after purchasing an additional 456 shares in the last quarter. 13.67% of the stock is currently owned by institutional investors and hedge funds.

Koninklijke Philips Stock Up 0.1%

NYSE PHG opened at $26.76 on Monday. The stock has a fifty day moving average of $26.63 and a 200-day moving average of $27.81. The stock has a market capitalization of $26.31 billion, a P/E ratio of 19.72, a price-to-earnings-growth ratio of 11.09 and a beta of 0.76. Koninklijke Philips has a 52 week low of $23.85 and a 52 week high of $33.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 1.26.

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.