Koninklijke Philips N.V. (NYSE:PHG) Receives Consensus Recommendation of “Hold” from Analysts

Koninklijke Philips N.V. (NYSE:PHG) has received a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating.

PHG has been the subject of several recent analyst reports. UBS Group reissued a “neutral” rating on shares of Koninklijke Philips in a report on Monday, August 3rd. Zacks Research upgraded shares of Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings raised shares of Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of Koninklijke Philips by 11.0% during the 4th quarter. Morgan Stanley now owns 2,841,880 shares of the technology company’s stock valued at $76,958,000 after purchasing an additional 282,661 shares during the last quarter. Northern Trust Corp lifted its position in Koninklijke Philips by 8.1% in the 3rd quarter. Northern Trust Corp now owns 1,922,551 shares of the technology company’s stock worth $52,409,000 after buying an additional 143,811 shares during the last quarter. Brandes Investment Partners LP boosted 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 worth $46,740,000 after buying an additional 107,356 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Koninklijke Philips by 1.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 973,527 shares of the technology company’s stock worth $26,363,000 after buying an additional 17,431 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Koninklijke Philips by 7.7% in the 1st quarter. Bank of America Corp DE now owns 700,141 shares of the technology company’s stock worth $19,184,000 after acquiring an additional 50,124 shares during the last quarter. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Price Performance

NYSE:PHG opened at $26.01 on Friday. The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of 19.17, a P/E/G ratio of 10.94 and a beta of 0.76. Koninklijke Philips has a 52-week low of $23.85 and a 52-week high of $33.44. The stock has a fifty day moving average of $26.88 and a 200 day moving average of $27.44. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.82 and a current ratio of 1.26.

Koninklijke Philips (NYSE:PHG) last announced its earnings results on Monday, July 27th. The technology company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.17. Koninklijke Philips had a return on equity of 14.38% and a net margin of 6.30%.The business had revenue of $4.98 billion for the quarter, compared to analyst estimates of $4.91 billion. During the same period in the prior year, the company earned $0.27 EPS. The company’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, research analysts expect that Koninklijke Philips will post 1.75 EPS for the current fiscal year.

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.