Koninklijke Philips (NYSE:PHG) Given Consensus Recommendation of “Hold” by Brokerages

Koninklijke Philips (NYSE:PHG) has earned a consensus recommendation of “Hold” from the four analysts that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company.

Several analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Koninklijke Philips from an “underweight” rating to a “neutral” rating in a report on Tuesday, April 30th. BNP Paribas downgraded shares of Koninklijke Philips from an “outperform” rating to an “underperform” rating in a research note on Wednesday, February 7th. UBS Group raised Koninklijke Philips from a “sell” rating to a “neutral” rating in a research report on Tuesday, April 30th. Finally, StockNews.com raised Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th.

Koninklijke Philips Trading Up 0.3 %

Shares of NYSE PHG opened at $26.90 on Tuesday. The firm has a market capitalization of $24.98 billion, a PE ratio of -28.02, a PEG ratio of 1.39 and a beta of 0.75. Koninklijke Philips has a one year low of $17.75 and a one year high of $29.44. The company has a current ratio of 1.20, a quick ratio of 0.78 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $21.22 and a two-hundred day moving average price of $21.27.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. grew its holdings in Koninklijke Philips by 9.8% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 23,475 shares of the technology company’s stock valued at $469,000 after purchasing an additional 2,102 shares during the last quarter. BNP Paribas Financial Markets grew its stake in Koninklijke Philips by 31.1% in the 1st quarter. BNP Paribas Financial Markets now owns 117,201 shares of the technology company’s stock valued at $2,344,000 after buying an additional 27,799 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Koninklijke Philips in the 1st quarter worth $40,000. Commonwealth Equity Services LLC lifted its position in Koninklijke Philips by 6.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 55,409 shares of the technology company’s stock worth $1,108,000 after acquiring an additional 3,182 shares during the last quarter. Finally, Mitchell & Pahl Private Wealth LLC boosted its holdings in Koninklijke Philips by 8.2% during the first quarter. Mitchell & Pahl Private Wealth LLC now owns 31,568 shares of the technology company’s stock valued at $631,000 after acquiring an additional 2,401 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.