Koninklijke Philips N.V. (NYSE:PHG) Receives Consensus Rating of “Reduce” from Analysts

Shares of Koninklijke Philips N.V. (NYSE:PHG) have received a consensus recommendation of “Reduce” from the five ratings firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company.

PHG has been the topic of several research analyst reports. Zacks Research downgraded Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 15th. Weiss Ratings downgraded Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Finally, UBS Group reaffirmed a “neutral” rating on shares of Koninklijke Philips in a report on Monday.

Institutional Trading of Koninklijke Philips

A number of institutional investors have recently modified their holdings of the business. M&T Bank Corp increased its position in shares of Koninklijke Philips by 823.3% during the fourth quarter. M&T Bank Corp now owns 135,990 shares of the technology company’s stock valued at $3,683,000 after buying an additional 121,261 shares during the period. Carmel Capital Partners LLC boosted its position in shares of Koninklijke Philips by 58.0% in the fourth quarter. Carmel Capital Partners LLC now owns 115,627 shares of the technology company’s stock valued at $3,131,000 after acquiring an additional 42,446 shares during the period. JPMorgan Chase & Co. grew its stake in Koninklijke Philips by 28.2% during the third quarter. JPMorgan Chase & Co. now owns 112,322 shares of the technology company’s stock valued at $3,062,000 after acquiring an additional 24,706 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in Koninklijke Philips by 52.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 68,318 shares of the technology company’s stock valued at $1,850,000 after acquiring an additional 23,492 shares in the last quarter. Finally, Brandes Investment Partners LP increased its holdings in Koninklijke Philips by 6.6% during the 4th quarter. Brandes Investment Partners LP now owns 1,725,997 shares of the technology company’s stock worth $46,740,000 after acquiring an additional 107,356 shares during the period. 13.67% of the stock is currently owned by hedge funds and other institutional investors.

Koninklijke Philips Stock Performance

NYSE PHG traded up $0.14 during trading hours on Monday, reaching $26.44. 139,855 shares of the company were exchanged, compared to its average volume of 1,113,134. Koninklijke Philips has a 1 year low of $23.85 and a 1 year high of $33.44. The business’s 50 day simple moving average is $26.65 and its 200-day simple moving average is $27.93. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $25.98 billion, a P/E ratio of 19.58, a P/E/G ratio of 10.91 and a beta of 0.76.

Koninklijke Philips (NYSE:PHG) last released its earnings results on Wednesday, May 6th. The technology company reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.03. Koninklijke Philips had a net margin of 6.30% and a return on equity of 14.38%. The firm had revenue of $4.52 billion for the quarter, compared to analysts’ expectations of $4.49 billion. On average, equities research analysts expect that Koninklijke Philips will post 1.75 earnings per share for the current year.

Koninklijke Philips Company Profile

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.