Koninklijke Philips (NYSE:PHG) Hits New 52-Week High – Still a Buy?

Koninklijke Philips N.V. (NYSE:PHG) hit a new 52-week high during trading on Tuesday . The company traded as high as $32.70 and last traded at $32.9140, with a volume of 1381027 shares trading hands. The stock had previously closed at $29.62.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Zacks Research lowered shares of Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Weiss Ratings upgraded Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Royal Bank Of Canada initiated coverage on Koninklijke Philips in a report on Wednesday, December 17th. They issued a “sector perform” rating on the stock. Finally, Sanford C. Bernstein raised shares of Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Koninklijke Philips has a consensus rating of “Hold”.

Koninklijke Philips Price Performance

The firm has a market cap of $31.67 billion, a price-to-earnings ratio of 164.23, a P/E/G ratio of 0.83 and a beta of 0.79. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.68. The business’s 50-day simple moving average is $28.18 and its two-hundred day simple moving average is $27.86.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter. The company had revenue of $5.98 billion for the quarter. Koninklijke Philips had a return on equity of 12.14% and a net margin of 1.07%. As a group, research analysts expect that Koninklijke Philips N.V. will post 1.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Mondrian Investment Partners LTD purchased a new position in Koninklijke Philips in the 3rd quarter worth $215,529,000. Causeway Capital Management LLC boosted its stake in shares of Koninklijke Philips by 5.8% during the 3rd quarter. Causeway Capital Management LLC now owns 1,958,112 shares of the technology company’s stock valued at $53,378,000 after purchasing an additional 107,117 shares in the last quarter. Northern Trust Corp raised its position in shares of 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 acquiring an additional 143,811 shares in the last quarter. Brandes Investment Partners LP grew its position in shares of Koninklijke Philips by 54.3% in the 2nd quarter. Brandes Investment Partners LP now owns 1,530,918 shares of the technology company’s stock worth $36,712,000 after buying an additional 538,715 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Koninklijke Philips by 2.5% during the second quarter. Envestnet Asset Management Inc. now owns 1,351,015 shares of the technology company’s stock valued at $32,397,000 after purchasing an additional 32,663 shares in the last quarter. Institutional investors own 13.67% of the company’s stock.

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.