Koninklijke Philips N.V. (NYSE:PHG) Stock Rated “Hold” by Wall Street Analysts

Shares of Koninklijke Philips N.V. (NYSE:PHG) have received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation.

Several equities research analysts recently commented on the company. Zacks Research raised Koninklijke Philips from a “strong sell” rating to a “hold” rating in a research note on Thursday, August 13th. UBS Group reaffirmed a “neutral” rating on shares of Koninklijke Philips in a research report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th.

Institutional Investors Weigh In On Koninklijke Philips

Institutional investors and hedge funds have recently modified their holdings of the business. Whipplewood Advisors LLC increased its position in Koninklijke Philips by 923.7% during the first quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company’s stock worth $27,000 after buying an additional 896 shares during the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Koninklijke Philips during the 2nd quarter worth about $47,000. Hilton Head Capital Partners LLC bought a new stake in shares of Koninklijke Philips during the 4th quarter worth about $56,000. Bessemer Group Inc. increased its holdings in shares of Koninklijke Philips by 19.8% during the 1st quarter. Bessemer Group Inc. now owns 2,756 shares of the technology company’s stock valued at $76,000 after acquiring an additional 456 shares during the last quarter. Finally, Root Financial Partners LLC raised its stake in shares of Koninklijke Philips by 43.0% in the 4th quarter. Root Financial Partners LLC now owns 4,364 shares of the technology company’s stock valued at $118,000 after acquiring an additional 1,313 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Trading Up 0.2%

NYSE PHG opened at $24.51 on Tuesday. Koninklijke Philips has a 1-year low of $23.85 and a 1-year high of $33.44. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $24.09 billion, a PE ratio of 18.06, a price-to-earnings-growth ratio of 10.36 and a beta of 0.76. The firm’s fifty day simple moving average is $26.16 and its 200-day simple moving average is $26.80.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Monday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.98 billion during the quarter, compared to analysts’ expectations of $4.91 billion. During the same quarter last year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Koninklijke Philips will post 1.75 earnings per share for the current fiscal year.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. is a Netherlands-based health technology company headquartered in Amsterdam. Founded in 1891 by Gerard Philips and his father, Frederik Philips, the company originally focused on electric light bulbs before expanding into consumer electronics and, later, health care technology.

Philips develops products and services across diagnostic imaging, image-guided therapy, patient monitoring, clinical informatics, and connected care. Its offerings include magnetic resonance imaging, computed tomography and ultrasound systems, hospital monitoring solutions, respiratory and sleep-care products, and software designed to support health care professionals and clinical workflows.

Through its Personal Health business, Philips also provides products such as electric toothbrushes, grooming devices, mother and child care products, and other wellness solutions.