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

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

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

Institutional Trading of Koninklijke Philips

Hedge funds and other institutional investors have recently made changes to their positions in the business. Kitching Partners LLC boosted its holdings in Koninklijke Philips by 3.4% in the second quarter. Kitching Partners LLC now owns 10,802 shares of the technology company’s stock valued at $272,000 after purchasing an additional 356 shares during the last quarter. Holderness Investments Co. boosted its stake in shares of Koninklijke Philips by 3.4% in the second quarter. Holderness Investments Co. now owns 16,807 shares of the technology company’s stock worth $424,000 after buying an additional 546 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Koninklijke Philips by 7.3% during the second quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company’s stock worth $204,000 after acquiring an additional 550 shares during the period. GAMMA Investing LLC raised its position in Koninklijke Philips by 6.3% during the fourth quarter. GAMMA Investing LLC now owns 10,963 shares of the technology company’s stock valued at $278,000 after acquiring an additional 648 shares in the last quarter. Finally, State Street Corp lifted its holdings in Koninklijke Philips by 1.0% in the third quarter. State Street Corp now owns 82,518 shares of the technology company’s stock valued at $2,809,000 after acquiring an additional 844 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

Koninklijke Philips Stock Performance

Shares of PHG stock opened at $25.81 on Friday. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. The company has a market cap of $24.26 billion, a PE ratio of -61.45, a PEG ratio of 0.92 and a beta of 0.77. Koninklijke Philips has a 12-month low of $19.55 and a 12-month high of $32.91. The business’s fifty day simple moving average is $26.00 and its 200-day simple moving average is $28.07.

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.