Koninklijke Philips (NYSE:PHG) Sets New 1-Year High – Should You Buy?

Koninklijke Philips N.V. (NYSE:PHG)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $32.70 and last traded at $32.9140, with a volume of 1381027 shares. The stock had previously closed at $29.62.

Analysts Set New Price Targets

PHG has been the topic of several recent research reports. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a “hold” rating in a research note on Wednesday, December 17th. Royal Bank Of Canada assumed coverage on shares of Koninklijke Philips in a report on Wednesday, December 17th. They issued a “sector perform” rating for the company. Weiss Ratings raised Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Zacks Research downgraded Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Finally, Wall Street Zen raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, January 10th. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Koninklijke Philips Stock Up 11.0%

The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $28.18 and a 200-day moving average price of $27.86. The stock has a market cap of $31.67 billion, a PE ratio of 164.23, a price-to-earnings-growth ratio of 0.83 and a beta of 0.79.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter. Koninklijke Philips had a return on equity of 12.14% and a net margin of 1.07%.The company had revenue of $5.98 billion for the quarter. As a group, analysts forecast that Koninklijke Philips N.V. will post 1.63 earnings per share for the current year.

Hedge Funds Weigh In On Koninklijke Philips

A number of institutional investors and hedge funds have recently modified their holdings of PHG. Rhumbline Advisers lifted its stake in Koninklijke Philips by 1.3% during the 2nd quarter. Rhumbline Advisers now owns 29,306 shares of the technology company’s stock valued at $703,000 after acquiring an additional 388 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Koninklijke Philips by 5.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,759 shares of the technology company’s stock valued at $210,000 after purchasing an additional 399 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Koninklijke Philips by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 11,592 shares of the technology company’s stock worth $316,000 after buying an additional 439 shares during the last quarter. Kitching Partners LLC boosted its stake in Koninklijke Philips by 4.2% during the 2nd quarter. Kitching Partners LLC now owns 11,259 shares of the technology company’s stock worth $270,000 after purchasing an additional 457 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in Koninklijke Philips by 4.4% during the third quarter. Envestnet Portfolio Solutions Inc. now owns 11,357 shares of the technology company’s stock worth $310,000 after buying an additional 478 shares in the last quarter. Institutional investors and hedge funds own 13.67% of the company’s stock.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.