Koninklijke Philips (NYSE:PHG) Receives Average Recommendation of “Hold” from Analysts

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

PHG has been the subject of a number of analyst reports. Jefferies Financial Group raised Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th. StockNews.com downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

Koninklijke Philips Price Performance

Koninklijke Philips stock opened at $25.48 on Wednesday. The business has a 50 day simple moving average of $27.30 and a 200 day simple moving average of $28.14. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. The company has a market capitalization of $23.95 billion, a PE ratio of -60.67, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. Koninklijke Philips has a one year low of $19.55 and a one year high of $32.91.

Hedge Funds Weigh In On Koninklijke Philips

Institutional investors and hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in shares of Koninklijke Philips in the third quarter valued at about $54,000. Fairscale Capital LLC acquired a new stake in Koninklijke Philips in the 2nd quarter valued at about $54,000. Eastern Bank bought a new position in shares of Koninklijke Philips in the third quarter worth about $88,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Koninklijke Philips during the third quarter worth approximately $107,000. Finally, Blue Trust Inc. grew its stake in shares of Koninklijke Philips by 902.7% during the second quarter. Blue Trust Inc. now owns 3,700 shares of the technology company’s stock valued at $93,000 after purchasing an additional 3,331 shares during the last quarter. Institutional investors and hedge funds 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.