Koninklijke Philips NV (PHG) Given Average Recommendation of “Buy” by Analysts

Koninklijke Philips NV (NYSE:PHG) has earned a consensus rating of “Buy” from the nine research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and seven have given a buy recommendation to the company.

Several research analysts recently weighed in on PHG shares. ValuEngine cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a report on Monday, June 18th. Sanford C. Bernstein started coverage on shares of Koninklijke Philips in a report on Thursday, September 13th. They set an “outperform” rating on the stock. BNP Paribas upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Finally, Exane BNP Paribas upgraded shares of Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Tuesday, September 18th.

Shares of NYSE PHG opened at $45.68 on Friday. The stock has a market cap of $42.47 billion, a PE ratio of 36.84, a price-to-earnings-growth ratio of 4.51 and a beta of 1.15. Koninklijke Philips has a 1 year low of $35.47 and a 1 year high of $46.27. The company has a quick ratio of 0.89, a current ratio of 1.27 and a debt-to-equity ratio of 0.32.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Monday, July 23rd. The technology company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.15). The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.35 billion. Koninklijke Philips had a net margin of 7.30% and a return on equity of 7.81%. The firm’s quarterly revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.27 earnings per share. research analysts anticipate that Koninklijke Philips will post 1.85 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in PHG. Northern Trust Corp boosted its holdings in Koninklijke Philips by 4.7% during the first quarter. Northern Trust Corp now owns 850,663 shares of the technology company’s stock worth $32,589,000 after purchasing an additional 37,992 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Koninklijke Philips by 72.4% in the first quarter. Stratos Wealth Partners LTD. now owns 6,516 shares of the technology company’s stock worth $250,000 after acquiring an additional 2,737 shares during the period. Hanson & Doremus Investment Management raised its position in Koninklijke Philips by 221.2% in the first quarter. Hanson & Doremus Investment Management now owns 13,563 shares of the technology company’s stock worth $520,000 after acquiring an additional 9,340 shares during the period. Brinker Capital Inc. raised its position in Koninklijke Philips by 4.6% in the first quarter. Brinker Capital Inc. now owns 58,818 shares of the technology company’s stock worth $2,253,000 after acquiring an additional 2,581 shares during the period. Finally, Natixis Advisors L.P. raised its position in Koninklijke Philips by 5.3% in the first quarter. Natixis Advisors L.P. now owns 162,046 shares of the technology company’s stock worth $6,208,000 after acquiring an additional 8,201 shares during the period. Institutional investors and hedge funds own 4.86% of the company’s stock.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company worldwide. The company offers mother and child care, and oral healthcare products; male grooming and beauty products; kitchen appliance, coffee, air, garment care, and floor care products; and sleep, respiratory care, and respiratory drug delivery products.

See Also: Growth Stocks, What They Are, What They Are Not

Analyst Recommendations for Koninklijke Philips (NYSE:PHG)

Receive News & Ratings for Koninklijke Philips Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Koninklijke Philips and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply