Koninklijke Philips (NYSE:PHG) Given Consensus Rating of “Hold” by Brokerages

Koninklijke Philips (NYSE:PHG) has been assigned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $28.20.

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, October 21st. The Goldman Sachs Group started coverage on shares of Koninklijke Philips in a research report on Wednesday, July 12th. They issued a “buy” rating for the company. Citigroup upped their target price on shares of Koninklijke Philips to €19.00 ($20.21) in a report on Friday, July 7th. Finally, TheStreet upgraded Koninklijke Philips from a “d+” rating to a “c-” rating in a report on Monday, July 24th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PHG. Raymond James Financial Services Advisors Inc. increased its stake in shares of Koninklijke Philips by 4.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,411 shares of the technology company’s stock worth $501,000 after purchasing an additional 771 shares during the period. Bank of New York Mellon Corp increased its position in Koninklijke Philips by 2.3% during the 1st quarter. Bank of New York Mellon Corp now owns 62,767 shares of the technology company’s stock worth $1,916,000 after buying an additional 1,414 shares during the period. Cetera Advisor Networks LLC acquired a new stake in shares of Koninklijke Philips during the first quarter worth $311,000. Citigroup Inc. boosted its position in shares of Koninklijke Philips by 1.3% in the first quarter. Citigroup Inc. now owns 36,882 shares of the technology company’s stock valued at $1,126,000 after acquiring an additional 483 shares during the period. Finally, Bank of Montreal Can grew its stake in shares of Koninklijke Philips by 9.9% in the first quarter. Bank of Montreal Can now owns 94,798 shares of the technology company’s stock valued at $3,002,000 after acquiring an additional 8,515 shares in the last quarter. 6.64% of the stock is owned by institutional investors.

Koninklijke Philips Price Performance

NYSE:PHG opened at $18.61 on Tuesday. The stock’s 50-day simple moving average is $20.32 and its 200 day simple moving average is $20.54. Koninklijke Philips has a 52-week low of $11.75 and a 52-week high of $23.30. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.69 and a current ratio of 1.20. The company has a market cap of $17.28 billion, a P/E ratio of -25.49 and a beta of 0.93.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. The company 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; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.