Koninklijke Philips (NYSE:PHG) Given Average Rating of “Hold” by Analysts

Shares of Koninklijke Philips (NYSE:PHG) have earned an average rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

A number of equities research analysts recently weighed in on PHG shares. StockNews.com downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th.

Koninklijke Philips Stock Performance

Koninklijke Philips stock opened at $26.40 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. Koninklijke Philips has a 12 month low of $19.49 and a 12 month high of $32.91. The company has a fifty day moving average price of $29.64 and a two-hundred day moving average price of $28.25. The company has a market cap of $24.81 billion, a PE ratio of -62.84, a P/E/G ratio of 0.91 and a beta of 0.77.

Hedge Funds Weigh In On Koninklijke Philips

Several institutional investors have recently modified their holdings of PHG. FMR LLC boosted its stake in Koninklijke Philips by 0.6% during the 3rd quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock valued at $200,859,000 after purchasing an additional 35,935 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Koninklijke Philips by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock valued at $101,718,000 after buying an additional 864,951 shares during the last quarter. Millennium Management LLC boosted its position in shares of Koninklijke Philips by 822.0% during the second quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock worth $28,237,000 after buying an additional 998,995 shares during the period. Bank of Montreal Can grew its holdings in Koninklijke Philips by 2,883.5% in the 3rd quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock worth $32,157,000 after buying an additional 949,278 shares in the last quarter. Finally, Natixis Advisors LLC increased its position in Koninklijke Philips by 5.2% in the 2nd quarter. Natixis Advisors LLC now owns 930,085 shares of the technology company’s stock valued at $23,438,000 after acquiring an additional 46,268 shares during the period. Institutional investors 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.