Shares of Koninklijke Philips NV (NYSE:PHG) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company.
Separately, Zacks Investment Research lowered shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a report on Thursday, January 10th.
Shares of NYSE PHG traded up $0.79 during midday trading on Friday, hitting $41.15. The company’s stock had a trading volume of 725,477 shares, compared to its average volume of 913,051. Koninklijke Philips has a 1-year low of $32.98 and a 1-year high of $46.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.87 and a current ratio of 1.21. The firm has a market capitalization of $38.11 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 1.44 and a beta of 1.24.
Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings results on Tuesday, January 29th. The technology company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.07. Koninklijke Philips had a net margin of 5.91% and a return on equity of 11.17%. The business had revenue of $5.59 billion during the quarter, compared to analyst estimates of $5.52 billion. During the same period in the previous year, the business posted $0.69 EPS. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Equities analysts forecast that Koninklijke Philips will post 1.93 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Boston Common Asset Management LLC lifted its position in Koninklijke Philips by 3.2% in the 4th quarter. Boston Common Asset Management LLC now owns 131,608 shares of the technology company’s stock valued at $4,621,000 after purchasing an additional 4,137 shares during the last quarter. Trillium Asset Management LLC lifted its position in Koninklijke Philips by 5.7% in the 3rd quarter. Trillium Asset Management LLC now owns 66,985 shares of the technology company’s stock valued at $3,048,000 after purchasing an additional 3,602 shares during the last quarter. Financial Gravity Companies Inc. bought a new stake in Koninklijke Philips in the 4th quarter valued at about $37,000. Greenwood Gearhart Inc. lifted its position in Koninklijke Philips by 10.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 128,832 shares of the technology company’s stock valued at $4,523,000 after purchasing an additional 11,892 shares during the last quarter. Finally, Comerica Bank lifted its position in Koninklijke Philips by 8.4% in the 3rd quarter. Comerica Bank now owns 57,008 shares of the technology company’s stock valued at $2,073,000 after purchasing an additional 4,436 shares during the last quarter. 4.22% of the stock is owned by institutional investors and hedge funds.
Koninklijke Philips Company Profile
Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.
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