Koninklijke Philips N.V. (PHG) Given News Sentiment Score of 0.20
Press coverage about Koninklijke Philips N.V. (NYSE:PHG) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Koninklijke Philips N.V. earned a news impact score of 0.20 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 45.9069959568623 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s scoring:
- Reviewing Cytosorbents Corporation (CTSO) and Koninklijke Philips N.V. (PHG) (americanbankingnews.com)
- Philips introduces new OB/GYN ultrasound innovations at ISUOG 2017 (finance.yahoo.com)
- Philips Steps Up Commitment to Ensuring Healthy Lives for All During United Nations General Assembly Week (finance.yahoo.com)
- Koninklijke Philips : Initiating Research Reports on Electronic Equipment Equities — Energous, Apple, Fabrinet, and Philips (4-traders.com)
- Efficacy of Philips’ Stellarex .035″ low-dose drug-coated balloon demonstrated in clinical trial at two years (finance.yahoo.com)
A number of research firms have recently commented on PHG. Zacks Investment Research upgraded Koninklijke Philips N.V. from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a report on Tuesday, August 29th. BidaskClub downgraded Koninklijke Philips N.V. from a “strong-buy” rating to a “buy” rating in a report on Monday, July 24th. J P Morgan Chase & Co reiterated a “buy” rating on shares of Koninklijke Philips N.V. in a report on Monday, July 24th. Canaccord Genuity reiterated a “buy” rating and issued a $37.00 price objective on shares of Koninklijke Philips N.V. in a report on Monday, July 3rd. Finally, Natixis downgraded Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Five research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $37.00.
Koninklijke Philips N.V. (NYSE PHG) traded up 0.46% on Wednesday, reaching $41.88. The company had a trading volume of 2,423,510 shares. The firm has a market capitalization of $39.24 billion, a PE ratio of 22.26 and a beta of 1.34. Koninklijke Philips N.V. has a 12 month low of $28.19 and a 12 month high of $41.97. The stock has a 50 day moving average of $38.67 and a 200 day moving average of $35.59.
Koninklijke Philips N.V. (NYSE:PHG) last announced its quarterly earnings data on Monday, July 24th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.18). Koninklijke Philips N.V. had a net margin of 6.39% and a return on equity of 8.92%. The firm had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter in the previous year, the company earned $0.46 EPS. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. On average, analysts anticipate that Koninklijke Philips N.V. will post $1.95 EPS for the current year.
Koninklijke Philips N.V. announced that its Board of Directors has initiated a stock buyback plan on Wednesday, June 28th that permits the company to buyback outstanding shares. This buyback authorization permits the technology company to buy up to 4.5% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
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About Koninklijke Philips N.V.
Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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