Koninklijke Philips (NYSE:PHG) Stock Rating Upgraded by Zacks Research

Koninklijke Philips (NYSE:PHG) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages also recently commented on PHG. Weiss Ratings raised shares of Koninklijke Philips from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Finally, UBS Group restated a “neutral” rating on shares of Koninklijke Philips in a research note on Monday, August 3rd. Five research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Koninklijke Philips Trading Down 0.3%

Shares of PHG stock opened at $27.30 on Thursday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.55. Koninklijke Philips has a fifty-two week low of $23.85 and a fifty-two week high of $33.44. The firm’s 50 day moving average price is $26.76 and its two-hundred day moving average price is $27.75. The stock has a market cap of $26.84 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 11.36 and a beta of 0.76.

Institutional Investors Weigh In On Koninklijke Philips

A number of large investors have recently added to or reduced their stakes in PHG. Johnson Financial Group Inc. purchased a new stake in Koninklijke Philips during the 3rd quarter worth $27,000. Whipplewood Advisors LLC boosted its position in Koninklijke Philips by 923.7% in the 1st quarter. Whipplewood Advisors LLC now owns 993 shares of the technology company’s stock valued at $27,000 after buying an additional 896 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in Koninklijke Philips by 179.6% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,272 shares of the technology company’s stock valued at $34,000 after buying an additional 817 shares during the last quarter. Navalign LLC acquired a new stake in shares of Koninklijke Philips during the fourth quarter valued at about $54,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of Koninklijke Philips during the fourth quarter valued at about $56,000. 13.67% of the stock is owned by institutional investors and hedge funds.

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.