Shares of Koninklijke Philips NV (NYSE:PHG) have earned an average recommendation of “Buy” from the nine analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have issued a buy recommendation on the company.

A number of research firms recently weighed in on PHG. Zacks Investment Research lowered shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a report on Monday. Exane BNP Paribas raised shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 18th. BNP Paribas raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Sanford C. Bernstein began coverage on shares of Koninklijke Philips in a report on Thursday, September 13th. They set an “outperform” rating on the stock. Finally, ValuEngine raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, July 2nd.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Koninklijke Philips by 16.7% during the 2nd quarter. BlackRock Inc. now owns 5,826,531 shares of the technology company’s stock worth $246,287,000 after acquiring an additional 832,894 shares during the period. Bank of America Corp DE grew its stake in Koninklijke Philips by 8.8% in the 2nd quarter. Bank of America Corp DE now owns 4,666,616 shares of the technology company’s stock worth $197,258,000 after buying an additional 376,330 shares in the last quarter. TCW Group Inc. grew its stake in Koninklijke Philips by 1.9% in the 1st quarter. TCW Group Inc. now owns 1,599,456 shares of the technology company’s stock worth $61,275,000 after buying an additional 29,641 shares in the last quarter. Wells Fargo & Company MN grew its stake in Koninklijke Philips by 1.9% in the 2nd quarter. Wells Fargo & Company MN now owns 1,303,593 shares of the technology company’s stock worth $55,104,000 after buying an additional 24,048 shares in the last quarter. Finally, MD Sass Investors Services Inc. grew its stake in Koninklijke Philips by 7.9% in the 1st quarter. MD Sass Investors Services Inc. now owns 1,083,805 shares of the technology company’s stock worth $41,526,000 after buying an additional 79,250 shares in the last quarter. 4.86% of the stock is currently owned by institutional investors and hedge funds.

NYSE PHG opened at $45.68 on Friday. Koninklijke Philips has a 12-month low of $35.47 and a 12-month high of $46.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.89 and a current ratio of 1.27. The company has a market capitalization of $42.47 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 4.51 and a beta of 1.15.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Monday, July 23rd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.15). Koninklijke Philips had a net margin of 7.30% and a return on equity of 7.81%. The business had revenue of $4.29 billion during the quarter, compared to the consensus estimate of $4.35 billion. During the same period last year, the firm earned $0.27 EPS. The business’s revenue for the quarter was down .1% on a year-over-year basis. research analysts predict that Koninklijke Philips will post 1.85 earnings per share for the current fiscal year.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. The company offers mother and child care, and oral healthcare products; male grooming and beauty products; kitchen appliance, coffee, air, garment care, and floor care products; and sleep, respiratory care, and respiratory drug delivery products.

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Analyst Recommendations for Koninklijke Philips (NYSE:PHG)

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