Koninklijke Philips (NYSE:PHG) Receives Average Rating of "Hold" from Brokerages

Koninklijke Philips (NYSE:PHG - Get Free Report) has received a consensus rating of "Hold" from the five analysts that are covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company.

Several equities analysts have weighed in on the company. StockNews.com cut Koninklijke Philips from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Jefferies Financial Group raised shares of Koninklijke Philips from an "underperform" rating to a "hold" rating in a research report on Tuesday, October 29th.

Institutional Investors Weigh In On Koninklijke Philips

Several large investors have recently made changes to their positions in PHG. Kitching Partners LLC boosted its holdings in Koninklijke Philips by 3.4% in the second quarter. Kitching Partners LLC now owns 10,802 shares of the technology company's stock worth $272,000 after purchasing an additional 356 shares in the last quarter. Holderness Investments Co. lifted its position in shares of Koninklijke Philips by 3.4% in the second quarter. Holderness Investments Co. now owns 16,807 shares of the technology company's stock worth $424,000 after buying an additional 546 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Koninklijke Philips by 7.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company's stock worth $204,000 after acquiring an additional 550 shares in the last quarter. Roof Eidam Maycock Peralta LLC increased its holdings in shares of Koninklijke Philips by 3.4% during the 2nd quarter. Roof Eidam Maycock Peralta LLC now owns 23,964 shares of the technology company's stock valued at $604,000 after acquiring an additional 789 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Koninklijke Philips by 1.0% in the 3rd quarter. State Street Corp now owns 82,518 shares of the technology company's stock valued at $2,809,000 after acquiring an additional 844 shares in the last quarter. Institutional investors own 13.67% of the company's stock.

Koninklijke Philips Trading Down 1.2 %

Shares of PHG traded down $0.30 during midday trading on Wednesday, hitting $24.71. The stock had a trading volume of 1,106,984 shares, compared to its average volume of 942,656. The business has a 50-day simple moving average of $27.72 and a two-hundred day simple moving average of $28.16. The firm has a market cap of $23.23 billion, a P/E ratio of -58.83, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60. Koninklijke Philips has a fifty-two week low of $19.55 and a fifty-two week high of $32.91.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.