Koninklijke Philips NV (NYSE:PHG) has been given a consensus recommendation of “Buy” by the ten ratings firms that are covering the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $32.00.
PHG has been the subject of several research reports. TheStreet raised shares of Koninklijke Philips NV from a “hold” rating to a “buy” rating in a report on Wednesday, August 24th. Zacks Investment Research raised shares of Koninklijke Philips NV from a “sell” rating to a “hold” rating in a report on Tuesday, June 28th.
Shares of Koninklijke Philips NV (NYSE:PHG) traded up 0.17% on Tuesday, reaching $29.41. 748,290 shares of the company’s stock were exchanged. Koninklijke Philips NV has a 1-year low of $23.00 and a 1-year high of $30.09. The stock’s 50-day moving average price is $29.07 and its 200-day moving average price is $27.18. The company has a market capitalization of $27.27 billion, a P/E ratio of 33.42 and a beta of 1.43.
Koninklijke Philips NV (NYSE:PHG) last posted its quarterly earnings results on Monday, July 25th. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.20. Koninklijke Philips NV had a net margin of 3.01% and a return on equity of 2.93%. The business earned $5.86 billion during the quarter, compared to analyst estimates of $5.91 billion. During the same period in the previous year, the business posted $0.30 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Analysts anticipate that Koninklijke Philips NV will post $1.57 EPS for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Koninklijke Philips NV by 14.8% in the second quarter. Royal Bank of Canada now owns 338,905 shares of the company’s stock worth $8,452,000 after buying an additional 43,674 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Koninklijke Philips NV during the second quarter worth about $1,571,000. Bellwether Investment Group LLC purchased a new position in Koninklijke Philips NV during the second quarter worth about $359,000. Stifel Financial Corp raised its position in Koninklijke Philips NV by 1.1% in the second quarter. Stifel Financial Corp now owns 46,401 shares of the company’s stock worth $1,158,000 after buying an additional 525 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Koninklijke Philips NV by 573.9% in the second quarter. American Century Companies Inc. now owns 169,246 shares of the company’s stock worth $4,221,000 after buying an additional 144,131 shares during the last quarter. 6.61% of the stock is owned by hedge funds and other institutional investors.
Koninklijke Philips NV Company Profile
Koninklijke Philips N.V. is a health and well-being company. The Company operates through three segments: Healthcare, Consumer Lifestyle and Lighting. Its Healthcare segment consists of imaging systems, healthcare informatics, services and solutions, patient care and monitoring solutions, and customer services.
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