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

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

Several brokerages recently issued reports on PHG. Jefferies Financial Group raised shares of Koninklijke Philips from an "underperform" rating to a "hold" rating in a report on Tuesday, October 29th. StockNews.com downgraded Koninklijke Philips from a "buy" rating to a "hold" rating in a report on Thursday, November 14th.

Institutional Trading of Koninklijke Philips

Institutional investors have recently made changes to their positions in the business. Kitching Partners LLC raised its stake in Koninklijke Philips by 3.4% in the second quarter. Kitching Partners LLC now owns 10,802 shares of the technology company's stock valued at $272,000 after buying an additional 356 shares during the last quarter. Holderness Investments Co. increased its holdings in shares of Koninklijke Philips by 3.4% during the second quarter. Holderness Investments Co. now owns 16,807 shares of the technology company's stock valued at $424,000 after acquiring an additional 546 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Koninklijke Philips by 7.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 8,084 shares of the technology company's stock valued at $204,000 after purchasing an additional 550 shares during the last quarter. GAMMA Investing LLC boosted its stake in Koninklijke Philips by 6.3% in the 4th quarter. GAMMA Investing LLC now owns 10,963 shares of the technology company's stock worth $278,000 after purchasing an additional 648 shares in the last quarter. Finally, State Street Corp grew its position in Koninklijke Philips by 1.0% during the 3rd quarter. State Street Corp now owns 82,518 shares of the technology company's stock worth $2,809,000 after purchasing an additional 844 shares during the last quarter. Institutional investors and hedge funds own 13.67% of the company's stock.

Koninklijke Philips Stock Up 1.7 %

Shares of PHG traded up $0.42 during midday trading on Friday, reaching $25.81. 709,961 shares of the stock were exchanged, compared to its average volume of 456,177. The company has a market capitalization of $24.26 billion, a P/E ratio of -61.45, a PEG ratio of 0.92 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. Koninklijke Philips has a 52 week low of $19.55 and a 52 week high of $32.91. The company's 50 day moving average is $26.00 and its two-hundred day moving average is $28.09.

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.