Koninklijke Philips (NYSE:PHG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Koninklijke Philips (NYSE:PHG) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other research analysts also recently issued reports on PHG. Sanford C. Bernstein upgraded Koninklijke Philips to a “hold” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada initiated coverage on Koninklijke Philips in a report on Wednesday, December 17th. They issued a “sector perform” rating for the company. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Koninklijke Philips in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $29.84 on Friday. The company’s fifty day moving average price is $27.67 and its 200 day moving average price is $27.17. Koninklijke Philips has a 12 month low of $21.48 and a 12 month high of $30.09. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 0.86. The firm has a market capitalization of $28.73 billion, a P/E ratio of 149.21, a P/E/G ratio of 0.74 and a beta of 0.79.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. The company had revenue of $5.05 billion during the quarter, compared to the consensus estimate of $4.30 billion. As a group, sell-side analysts predict that Koninklijke Philips will post 1.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its position in shares of Koninklijke Philips by 4.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 75,307 shares of the technology company’s stock valued at $2,161,000 after acquiring an additional 3,122 shares during the period. GAMMA Investing LLC boosted its position in Koninklijke Philips by 7.0% during the fourth quarter. GAMMA Investing LLC now owns 14,414 shares of the technology company’s stock worth $390,000 after purchasing an additional 942 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Koninklijke Philips by 28.2% in the third quarter. JPMorgan Chase & Co. now owns 112,322 shares of the technology company’s stock valued at $3,062,000 after purchasing an additional 24,706 shares during the last quarter. First Affirmative Financial Network grew its holdings in Koninklijke Philips by 5.1% in the third quarter. First Affirmative Financial Network now owns 11,418 shares of the technology company’s stock valued at $311,000 after purchasing an additional 550 shares during the last quarter. Finally, Coldstream Capital Management Inc. purchased a new position in shares of Koninklijke Philips in the third quarter valued at $401,000. 13.67% of the stock is owned by hedge funds and other institutional investors.

About Koninklijke Philips

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.