Koninklijke Philips (NYSE:PHG) Coverage Initiated at Royal Bank Of Canada

Research analysts at Royal Bank Of Canada started coverage on shares of Koninklijke Philips (NYSE:PHG) in a research report issued on Wednesday, Marketbeat.com reports. The firm set a “sector perform” rating on the technology company’s stock.

Several other research analysts have also weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Koninklijke Philips in a research report on Monday. Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, November 22nd. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Koninklijke Philips Trading Down 0.9%

NYSE:PHG traded down $0.23 during mid-day trading on Wednesday, reaching $26.30. The company’s stock had a trading volume of 115,177 shares, compared to its average volume of 906,483. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $29.54. The company’s fifty day simple moving average is $27.81 and its two-hundred day simple moving average is $26.56. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 0.86. The stock has a market cap of $25.32 billion, a P/E ratio of 131.50, a P/E/G ratio of 0.71 and a beta of 0.79.

Koninklijke Philips (NYSE:PHG) last released its earnings results on Tuesday, November 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.37. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. The business had revenue of $5.05 billion for the quarter, compared to analysts’ expectations of $4.30 billion. On average, equities analysts predict that Koninklijke Philips will post 1.63 EPS for the current year.

Institutional Investors Weigh In On Koninklijke Philips

Institutional investors and hedge funds have recently modified their holdings of the stock. Johnson Financial Group Inc. purchased a new stake in shares of Koninklijke Philips during the 3rd quarter valued at about $27,000. AlphaCore Capital LLC purchased a new position in shares of Koninklijke Philips in the second quarter valued at $41,000. Whipplewood Advisors LLC grew its holdings in Koninklijke Philips by 39.1% during the 2nd quarter. Whipplewood Advisors LLC now owns 2,108 shares of the technology company’s stock valued at $51,000 after purchasing an additional 592 shares in the last quarter. MAI Capital Management lifted its holdings in Koninklijke Philips by 167.7% in the 2nd quarter. MAI Capital Management now owns 2,380 shares of the technology company’s stock worth $57,000 after buying an additional 1,491 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new position in Koninklijke Philips in the 3rd quarter valued at about $83,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.