Koninklijke Philips (NYSE:PHG) Receives Neutral Rating from UBS Group

Koninklijke Philips (NYSE:PHG)‘s stock had its “neutral” rating reiterated by UBS Group in a research note issued on Monday, MarketBeat Ratings reports.

PHG has been the subject of a number of other research reports. Weiss Ratings downgraded Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Wall Street Zen raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Zacks Research downgraded shares of Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Koninklijke Philips presently has an average rating of “Reduce”.

Koninklijke Philips Stock Down 0.1%

Koninklijke Philips stock opened at $26.29 on Monday. The stock has a market cap of $25.84 billion, a P/E ratio of 19.37, a P/E/G ratio of 10.91 and a beta of 0.76. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.55. Koninklijke Philips has a twelve month low of $23.85 and a twelve month high of $33.44. The company’s 50-day moving average price is $26.65 and its two-hundred day moving average price is $27.93.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Wednesday, May 6th. The technology company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%.The company had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.49 billion. As a group, analysts expect that Koninklijke Philips will post 1.75 EPS for the current year.

Hedge Funds Weigh In On Koninklijke Philips

Several hedge funds have recently bought and sold shares of PHG. Morgan Stanley raised its position in shares of Koninklijke Philips by 11.0% in the 4th quarter. Morgan Stanley now owns 2,841,880 shares of the technology company’s stock valued at $76,958,000 after buying an additional 282,661 shares in the last quarter. Northern Trust Corp boosted its position in shares of Koninklijke Philips by 8.1% during the 3rd quarter. Northern Trust Corp now owns 1,922,551 shares of the technology company’s stock worth $52,409,000 after acquiring an additional 143,811 shares in the last quarter. Brandes Investment Partners LP increased its stake in Koninklijke Philips by 6.6% in the fourth quarter. Brandes Investment Partners LP now owns 1,725,997 shares of the technology company’s stock valued at $46,740,000 after acquiring an additional 107,356 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Koninklijke Philips by 1.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 973,527 shares of the technology company’s stock valued at $26,363,000 after purchasing an additional 17,431 shares in the last quarter. Finally, Bank of America Corp DE raised its position in Koninklijke Philips by 7.7% during the first quarter. Bank of America Corp DE now owns 700,141 shares of the technology company’s stock valued at $19,184,000 after purchasing an additional 50,124 shares in the last quarter. 13.67% of the stock is owned by institutional investors.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.