Koninklijke Philips (NYSE:PHG) Given Consensus Rating of "Hold" by Analysts

Koninklijke Philips (NYSE:PHG - Get Free Report) has been given an average rating of "Hold" by the five brokerages that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company.

A number of research firms have recently weighed in on PHG. StockNews.com lowered Koninklijke Philips from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th. Jefferies Financial Group raised Koninklijke Philips from an "underperform" rating to a "hold" rating in a research note on Tuesday, October 29th.

Koninklijke Philips Stock Performance

NYSE PHG traded up $0.02 on Thursday, hitting $27.45. 521,479 shares of the company traded hands, compared to its average volume of 586,403. The business's 50 day moving average price is $26.03 and its 200-day moving average price is $28.14. Koninklijke Philips has a 52-week low of $19.55 and a 52-week high of $32.91. The company has a market capitalization of $25.80 billion, a price-to-earnings ratio of -65.36, a P/E/G ratio of 0.90 and a beta of 0.77. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

Hedge Funds Weigh In On Koninklijke Philips

A number of hedge funds have recently made changes to their positions in the business. Vestmark Advisory Solutions Inc. lifted its position in shares of Koninklijke Philips by 9.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 61,266 shares of the technology company's stock worth $1,551,000 after buying an additional 5,436 shares in the last quarter. Carmel Capital Partners LLC lifted its position in shares of Koninklijke Philips by 7.5% in the fourth quarter. Carmel Capital Partners LLC now owns 53,036 shares of the technology company's stock worth $1,343,000 after buying an additional 3,699 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Koninklijke Philips in the fourth quarter worth about $10,655,000. Atria Investments Inc lifted its position in shares of Koninklijke Philips by 4.1% in the fourth quarter. Atria Investments Inc now owns 19,009 shares of the technology company's stock worth $481,000 after buying an additional 741 shares in the last quarter. Finally, Assetmark Inc. lifted its position in shares of Koninklijke Philips by 1.4% in the fourth quarter. Assetmark Inc. now owns 58,824 shares of the technology company's stock worth $1,489,000 after buying an additional 785 shares in the last quarter. Institutional investors own 13.67% of the company's stock.

About Koninklijke Philips

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.