Headlines about Koninklijke Philips N.V. (NYSE:PHG) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Koninklijke Philips N.V. earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 45.2051520643513 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
Koninklijke Philips N.V. (NYSE PHG) opened at 41.08 on Friday. The company has a market capitalization of $38.49 billion, a PE ratio of 21.74 and a beta of 1.36. Koninklijke Philips N.V. has a 12-month low of $28.19 and a 12-month high of $42.35. The stock’s 50 day moving average price is $41.08 and its 200 day moving average price is $37.38.
Koninklijke Philips N.V. (NYSE:PHG) last released its quarterly earnings data on Monday, October 23rd. The technology company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.04). The company had revenue of $4.15 billion for the quarter, compared to analysts’ expectations of $4.27 billion. Koninklijke Philips N.V. had a return on equity of 7.19% and a net margin of 6.67%. The firm’s quarterly revenue was down 29.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.40 EPS. On average, equities analysts anticipate that Koninklijke Philips N.V. will post $1.95 EPS for the current fiscal year.
Several research firms recently commented on PHG. Zacks Investment Research raised Koninklijke Philips N.V. from a “sell” rating to a “hold” rating in a research note on Friday, July 28th. BidaskClub lowered Koninklijke Philips N.V. from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Koninklijke Philips N.V. in a research report on Monday, July 24th. BNP Paribas lowered Koninklijke Philips N.V. from an “outperform” rating to a “neutral” rating in a research report on Monday, October 16th. Finally, Canaccord Genuity restated a “buy” rating and issued a $37.00 price target on shares of Koninklijke Philips N.V. in a research note on Monday, July 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $41.50.
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In other Koninklijke Philips N.V. news, major shareholder Philips Nv Koninklijke sold 3,334,586 shares of Koninklijke Philips N.V. stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $1.50, for a total transaction of $5,001,879.00. Following the completion of the transaction, the insider now owns 29,693,444 shares in the company, valued at $44,540,166. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Koninklijke Philips N.V. Company Profile
Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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