Koninklijke Philips NV (PHG) Given Average Recommendation of “Hold” by Brokerages
Koninklijke Philips NV (NYSE:PHG) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company.
Separately, Zacks Investment Research reiterated a “hold” rating on shares of Koninklijke Philips in a research note on Monday, December 31st.
Shares of NYSE PHG traded up $0.32 during trading on Wednesday, reaching $39.82. 31,574 shares of the company traded hands, compared to its average volume of 859,359. The firm has a market capitalization of $36.58 billion, a P/E ratio of 19.09, a PEG ratio of 1.43 and a beta of 1.24. Koninklijke Philips has a 12-month low of $32.98 and a 12-month high of $46.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.21.
A number of hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers acquired a new position in shares of Koninklijke Philips during the 3rd quarter worth approximately $242,000. MML Investors Services LLC acquired a new position in shares of Koninklijke Philips during the 3rd quarter worth approximately $231,000. Alliancebernstein L.P. boosted its holdings in shares of Koninklijke Philips by 17.6% during the 3rd quarter. Alliancebernstein L.P. now owns 114,899 shares of the technology company’s stock worth $5,229,000 after purchasing an additional 17,185 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Koninklijke Philips during the 3rd quarter worth approximately $160,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Koninklijke Philips by 104.6% during the 3rd quarter. Baird Financial Group Inc. now owns 37,827 shares of the technology company’s stock worth $1,728,000 after purchasing an additional 19,343 shares during the last quarter. Institutional investors own 4.20% of the company’s stock.
About Koninklijke Philips
Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.
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