Koninklijke Philips N.V. (NYSE:PHG) Stock Now Rated “Hold” by Wall Street Analysts

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

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

Koninklijke Philips Trading Up 0.6%

PHG opened at $25.11 on Tuesday. The stock has a market capitalization of $24.68 billion, a P/E ratio of 18.51, a P/E/G ratio of 10.36 and a beta of 0.76. Koninklijke Philips has a 12 month low of $23.85 and a 12 month high of $33.44. The firm’s fifty day simple moving average is $26.09 and its 200 day simple moving average is $26.74. 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 released its quarterly earnings results on Monday, July 27th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.17. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%.The firm had revenue of $4.98 billion during the quarter, compared to the consensus estimate of $4.91 billion. During the same quarter in the prior year, the firm posted $0.27 EPS. The business’s revenue was down 3.0% on a year-over-year basis. As a group, research analysts anticipate that Koninklijke Philips will post 1.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Koninklijke Philips

A number of institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC boosted its position in Koninklijke Philips by 5.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 7,759 shares of the technology company’s stock valued at $210,000 after buying an additional 399 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Koninklijke Philips by 19.8% during the first quarter. Bessemer Group Inc. now owns 2,756 shares of the technology company’s stock worth $76,000 after buying an additional 456 shares in the last quarter. HB Wealth Management LLC increased its holdings in shares of Koninklijke Philips by 3.3% during the first quarter. HB Wealth Management LLC now owns 16,854 shares of the technology company’s stock worth $462,000 after buying an additional 539 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Koninklijke Philips by 1.1% in the 1st quarter. First Trust Advisors LP now owns 59,131 shares of the technology company’s stock valued at $1,620,000 after acquiring an additional 625 shares during the last quarter. Finally, Cloverfields Capital Group LP boosted its holdings in shares of Koninklijke Philips by 1.1% during the 4th quarter. Cloverfields Capital Group LP now owns 70,072 shares of the technology company’s stock valued at $1,898,000 after acquiring an additional 770 shares in the last quarter. 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 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.