Koninklijke Philips (NYSE:PHG – Get Rating) has received an average recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $18.68.
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PHG has been the subject of a number of research reports. Barclays lowered their target price on Koninklijke Philips from €19.00 ($20.65) to €18.50 ($20.11) and set an “overweight” rating for the company in a research note on Tuesday, January 10th. HSBC cut Koninklijke Philips from a “hold” rating to a “reduce” rating in a research note on Tuesday, October 25th. Morgan Stanley lowered their target price on Koninklijke Philips from €17.00 ($18.48) to €16.00 ($17.39) and set an “equal weight” rating for the company in a research note on Tuesday, January 17th. StockNews.com initiated coverage on Koninklijke Philips in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, UBS Group cut Koninklijke Philips from a “neutral” rating to a “sell” rating in a research note on Tuesday, January 17th.
Koninklijke Philips Stock Performance
Koninklijke Philips stock opened at $16.99 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.70 and a debt-to-equity ratio of 0.46. The company has a market cap of $15.11 billion, a PE ratio of -13.38 and a beta of 0.86. The company’s 50-day moving average is $15.28 and its two-hundred day moving average is $16.33. Koninklijke Philips has a 1 year low of $11.75 and a 1 year high of $34.93.
Institutional Investors Weigh In On Koninklijke Philips
Large investors have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. boosted its holdings in shares of Koninklijke Philips by 184.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 63,726 shares of the technology company’s stock valued at $1,372,000 after buying an additional 41,349 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Koninklijke Philips by 4.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,339,787 shares of the technology company’s stock valued at $28,854,000 after buying an additional 55,966 shares during the last quarter. FMR LLC boosted its holdings in shares of Koninklijke Philips by 20.6% in the 2nd quarter. FMR LLC now owns 6,030,927 shares of the technology company’s stock valued at $129,846,000 after buying an additional 1,030,242 shares during the last quarter. Riverwater Partners LLC acquired a new stake in shares of Koninklijke Philips in the 2nd quarter valued at approximately $246,000. Finally, SOL Capital Management CO boosted its holdings in shares of Koninklijke Philips by 19.4% in the 2nd quarter. SOL Capital Management CO now owns 59,418 shares of the technology company’s stock valued at $1,279,000 after buying an additional 9,642 shares during the last quarter. Institutional investors and hedge funds own 10.17% of the company’s stock.
About Koninklijke Philips
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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