Koninklijke Philips (NYSE:PHG) Rating Increased to Hold at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Koninklijke Philips (NYSE:PHG) to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

Other research analysts also recently issued reports about the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Koninklijke Philips in a research note on Monday. Royal Bank Of Canada began coverage on Koninklijke Philips in a research note on Wednesday. They issued a “sector perform” rating on the stock. Finally, Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold”.

Koninklijke Philips Trading Up 1.4%

NYSE:PHG opened at $26.50 on Wednesday. Koninklijke Philips has a 52 week low of $21.48 and a 52 week high of $29.54. The company has a debt-to-equity ratio of 0.68, a quick ratio of 0.86 and a current ratio of 1.32. The firm’s fifty day moving average is $27.74 and its 200-day moving average is $26.56. The firm has a market cap of $25.52 billion, a P/E ratio of 132.51, a P/E/G ratio of 0.70 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, meeting the consensus estimate of $0.37. The business had revenue of $5.05 billion for the quarter, compared to analyst estimates of $4.30 billion. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. Equities analysts expect that Koninklijke Philips will post 1.63 earnings per share for the current year.

Institutional Investors Weigh In On Koninklijke Philips

A number of hedge funds have recently added to or reduced their stakes in the company. First Affirmative Financial Network raised its position in shares of Koninklijke Philips by 5.1% during the third quarter. First Affirmative Financial Network now owns 11,418 shares of the technology company’s stock worth $311,000 after purchasing an additional 550 shares during the period. Coldstream Capital Management Inc. acquired a new stake in Koninklijke Philips in the 3rd quarter valued at $401,000. Morningstar Investment Management LLC bought a new stake in Koninklijke Philips during the 3rd quarter valued at $5,434,000. XTX Topco Ltd raised its holdings in Koninklijke Philips by 6.2% during the third quarter. XTX Topco Ltd now owns 31,246 shares of the technology company’s stock worth $852,000 after buying an additional 1,825 shares during the last quarter. Finally, United Capital Financial Advisors LLC acquired a new position in Koninklijke Philips during the third quarter worth $213,000. Institutional investors and hedge funds 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.