Shares of Koninklijke Philips NV (NYSE:PHG) have received an average rating of “Hold” from the eleven research firms that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $40.50.
Several brokerages have commented on PHG. Berenberg Bank raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Monday, February 12th. Zacks Investment Research raised Koninklijke Philips from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, ValuEngine downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Wednesday.
Several large investors have recently added to or reduced their stakes in the company. Granahan Investment Management Inc. MA grew its holdings in shares of Koninklijke Philips by 12.7% during the third quarter. Granahan Investment Management Inc. MA now owns 14,033 shares of the technology company’s stock worth $578,000 after purchasing an additional 1,578 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Koninklijke Philips by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 33,525 shares of the technology company’s stock valued at $1,381,000 after acquiring an additional 1,665 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Koninklijke Philips by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 53,306 shares of the technology company’s stock valued at $2,150,000 after acquiring an additional 1,692 shares during the last quarter. Gofen & Glossberg LLC IL boosted its holdings in Koninklijke Philips by 4.0% in the fourth quarter. Gofen & Glossberg LLC IL now owns 45,997 shares of the technology company’s stock valued at $1,739,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Advisor Group Inc. boosted its holdings in Koninklijke Philips by 45.9% in the fourth quarter. Advisor Group Inc. now owns 5,900 shares of the technology company’s stock valued at $224,000 after acquiring an additional 1,855 shares during the last quarter. Institutional investors own 6.63% of the company’s stock.
Shares of Koninklijke Philips (NYSE:PHG) traded up $0.04 during midday trading on Tuesday, reaching $39.36. The company’s stock had a trading volume of 796,882 shares, compared to its average volume of 1,546,440. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.47. The firm has a market capitalization of $36,454.88, a P/E ratio of 19.39, a price-to-earnings-growth ratio of 1.89 and a beta of 1.31. Koninklijke Philips has a 12-month low of $30.25 and a 12-month high of $42.35.
Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.59 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.59. The firm had revenue of $5.30 billion during the quarter, compared to the consensus estimate of $5.42 billion. Koninklijke Philips had a return on equity of 6.93% and a net margin of 8.68%. The business’s quarterly revenue was down 26.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.67 earnings per share. equities research analysts forecast that Koninklijke Philips will post 2.32 EPS for the current year.
The company also recently declared an annual dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 8th will be issued a dividend of $0.9917 per share. This is a boost from Koninklijke Philips’s previous annual dividend of $0.86. This represents a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, May 7th. Koninklijke Philips’s payout ratio is 35.96%.
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Koninklijke Philips 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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