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

Koninklijke Philips (NYSE:PHG) has received an average recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company.

A number of research analysts recently commented on PHG shares. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group upgraded Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th.

Institutional Trading of Koninklijke Philips

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC increased its holdings in shares of Koninklijke Philips by 0.6% in the third quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock valued at $200,859,000 after buying an additional 35,935 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Koninklijke Philips by 27.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock worth $101,718,000 after acquiring an additional 864,951 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Koninklijke Philips by 822.0% in the 2nd quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock worth $28,237,000 after acquiring an additional 998,995 shares during the last quarter. Bank of Montreal Can raised its position in shares of Koninklijke Philips by 2,883.5% during the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock worth $32,157,000 after purchasing an additional 949,278 shares during the period. Finally, Natixis Advisors LLC raised its position in shares of Koninklijke Philips by 5.2% during the second quarter. Natixis Advisors LLC now owns 930,085 shares of the technology company’s stock worth $23,438,000 after purchasing an additional 46,268 shares during the period. 13.67% of the stock is currently owned by institutional investors.

Koninklijke Philips Stock Up 0.1 %

Koninklijke Philips stock opened at $26.40 on Friday. Koninklijke Philips has a 52 week low of $19.49 and a 52 week high of $32.91. The stock has a market cap of $24.81 billion, a price-to-earnings ratio of -62.84, a PEG ratio of 0.91 and a beta of 0.77. The company’s 50-day moving average price is $29.64 and its two-hundred day moving average price is $28.25. The company has a current ratio of 1.16, a quick ratio of 0.74 and a debt-to-equity ratio of 0.60.

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.