Shares of Koninklijke Philips (NYSE:PHG – Get Rating) have received an average recommendation of “Hold” from the fifteen analysts that are currently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.80.
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A number of analysts recently weighed in on PHG shares. JPMorgan Chase & Co. lowered their price target on shares of Koninklijke Philips from €18.80 ($20.00) to €10.90 ($11.60) in a report on Tuesday, November 1st. Deutsche Bank Aktiengesellschaft cut shares of Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Friday, October 14th. Jefferies Financial Group cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Tuesday, October 18th. UBS Group reduced their price target on shares of Koninklijke Philips from €16.40 ($17.45) to €16.10 ($17.13) and set a “neutral” rating on the stock in a research report on Friday, October 7th. Finally, Morgan Stanley began coverage on shares of Koninklijke Philips in a research report on Tuesday, October 18th. They set an “equal weight” rating on the stock.
Institutional Investors Weigh In On Koninklijke Philips
Large investors have recently modified their holdings of the company. Heritage Wealth Management LLC bought a new position in Koninklijke Philips during the second quarter worth $28,000. JFS Wealth Advisors LLC raised its holdings in shares of Koninklijke Philips by 606.8% in the second quarter. JFS Wealth Advisors LLC now owns 2,071 shares of the technology company’s stock valued at $45,000 after purchasing an additional 1,778 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of Koninklijke Philips by 67.6% in the third quarter. Global Retirement Partners LLC now owns 4,141 shares of the technology company’s stock valued at $52,000 after purchasing an additional 1,670 shares during the last quarter. Emfo LLC purchased a new stake in shares of Koninklijke Philips in the second quarter valued at about $57,000. Finally, Credit Suisse AG purchased a new stake in Koninklijke Philips during the second quarter worth about $65,000. 10.17% of the stock is currently owned by institutional investors and hedge funds.
Koninklijke Philips Trading Up 4.3 %
Koninklijke Philips stock opened at $15.64 on Wednesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 0.70. The company has a market capitalization of $13.91 billion, a price-to-earnings ratio of -12.31 and a beta of 0.85. Koninklijke Philips has a one year low of $11.75 and a one year high of $38.77. The company’s fifty day moving average price is $14.11 and its two-hundred day moving average price is $16.83.
Koninklijke Philips (NYSE:PHG – Get Rating) last released its earnings results on Monday, October 24th. The technology company reported $0.25 earnings per share for the quarter. Koninklijke Philips had a negative net margin of 6.09% and a positive return on equity of 7.50%. The business had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.36 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis. On average, analysts forecast that Koninklijke Philips will post 0.62 earnings per share for the current fiscal year.
Koninklijke Philips Company Profile
Koninklijke Philips N.V. operates as a health technology company in North America and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. The company provides diagnostic imaging solutions, includes magnetic resonance imaging, computed tomography (CT) systems, X-ray systems, and detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; integrated interventional systems; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.
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