BNP Paribas Upgrades Koninklijke Philips (NYSE:PHG) to Outperform

Koninklijke Philips (NYSE:PHG) was upgraded by stock analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a report issued on Tuesday, MarketBeat Ratings reports.

PHG has been the subject of a number of other reports. UBS Group raised shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. StockNews.com raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. Finally, Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Koninklijke Philips currently has a consensus rating of “Moderate Buy”.

Koninklijke Philips Trading Up 1.8 %

Shares of PHG opened at $26.01 on Tuesday. The stock has a fifty day moving average of $26.25 and a two-hundred day moving average of $28.11. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.74 and a current ratio of 1.23. The company has a market capitalization of $24.44 billion, a PE ratio of -30.96, a price-to-earnings-growth ratio of 0.82 and a beta of 0.77. Koninklijke Philips has a fifty-two week low of $19.75 and a fifty-two week high of $32.91.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Wednesday, February 19th. The technology company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.01). Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.10 billion. As a group, analysts forecast that Koninklijke Philips will post 1.63 EPS for the current year.

Institutional Investors Weigh In On Koninklijke Philips

Several hedge funds have recently made changes to their positions in PHG. Colonial Trust Co SC lifted its position in shares of Koninklijke Philips by 724.0% in the 4th quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company’s stock valued at $36,000 after acquiring an additional 1,238 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Koninklijke Philips in the 3rd quarter valued at approximately $54,000. Farther Finance Advisors LLC lifted its position in shares of Koninklijke Philips by 37.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock valued at $54,000 after acquiring an additional 582 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in Koninklijke Philips in the 4th quarter worth approximately $55,000. Finally, Millstone Evans Group LLC purchased a new stake in Koninklijke Philips in the 4th quarter worth approximately $60,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

About Koninklijke Philips

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.