Koninklijke Philips (NYSE:PHG) Sets New 52-Week Low – Time to Sell?

Shares of Koninklijke Philips N.V. (NYSE:PHG) hit a new 52-week low during trading on Thursday. The stock traded as low as $23.85 and last traded at $23.7820, with a volume of 326091 shares trading hands. The stock had previously closed at $24.43.

Wall Street Analyst Weigh In

Several analysts recently issued reports on PHG shares. Zacks Research raised shares of Koninklijke Philips from a “strong sell” rating to a “hold” rating in a report on Thursday, August 13th. UBS Group restated a “neutral” rating on shares of Koninklijke Philips in a report on Monday, August 3rd. Finally, Weiss Ratings raised Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 4th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has a consensus rating of “Hold”.

Koninklijke Philips Price Performance

The company has a market cap of $23.39 billion, a P/E ratio of 17.53, a P/E/G ratio of 10.28 and a beta of 0.76. The stock has a 50-day simple moving average of $26.01 and a 200 day simple moving average of $26.69. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 1.26.

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

Institutional Investors Weigh In On Koninklijke Philips

Several institutional investors and hedge funds have recently bought and sold shares of PHG. Whipplewood Advisors LLC raised its stake in shares of Koninklijke Philips by 923.7% in the 1st quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company’s stock valued at $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 during the 2nd quarter valued at about $47,000. Hilton Head Capital Partners LLC acquired a new stake in shares of Koninklijke Philips during the 4th quarter valued at about $56,000. Bessemer Group Inc. increased its stake 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 acquiring an additional 456 shares during the period. Finally, Root Financial Partners LLC increased its stake in Koninklijke Philips by 43.0% in the fourth 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 period. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. is a Netherlands-based health technology company that develops products, services and software for healthcare providers, health systems and consumers. The company focuses on improving diagnosis, treatment and health management through connected technologies and data-enabled solutions.

Philips’ healthcare portfolio includes diagnostic imaging systems such as magnetic resonance imaging, computed tomography and ultrasound equipment; image-guided therapy systems; patient monitoring and clinical informatics technologies; and solutions for sleep and respiratory care.