Koninklijke Philips (NYSE:PHG) Rating Increased to Neutral at BNP Paribas

Koninklijke Philips (NYSE:PHG) was upgraded by research analysts at BNP Paribas from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, MarketBeat reports.

Several other equities research analysts have also recently issued reports on PHG. StockNews.com raised shares of Koninklijke Philips from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 8th. JPMorgan Chase & Co. raised Koninklijke Philips from an “underweight” rating to a “neutral” rating in a report on Tuesday, April 30th. Finally, UBS Group raised Koninklijke Philips from a “sell” rating to a “neutral” rating in a research report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.00.

Koninklijke Philips Stock Down 1.9 %

Shares of NYSE:PHG opened at $26.00 on Tuesday. Koninklijke Philips has a fifty-two week low of $17.75 and a fifty-two week high of $29.44. The firm’s 50 day moving average price is $21.35 and its 200 day moving average price is $21.33. The company has a quick ratio of 0.78, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The stock has a market cap of $24.14 billion, a price-to-earnings ratio of -27.08, a price-to-earnings-growth ratio of 1.39 and a beta of 0.75.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Mondrian Investment Partners LTD grew its position in shares of Koninklijke Philips by 45.1% during the first quarter. Mondrian Investment Partners LTD now owns 9,553,058 shares of the technology company’s stock worth $191,061,000 after acquiring an additional 2,971,008 shares during the last quarter. FMR LLC raised its stake in Koninklijke Philips by 1.7% during the 3rd quarter. FMR LLC now owns 9,516,906 shares of the technology company’s stock valued at $189,767,000 after acquiring an additional 155,055 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Koninklijke Philips by 11.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,975,893 shares of the technology company’s stock valued at $69,428,000 after purchasing an additional 296,716 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in shares of Koninklijke Philips in the third quarter valued at approximately $36,544,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of Koninklijke Philips by 29.4% during the third quarter. Envestnet Asset Management Inc. now owns 1,447,942 shares of the technology company’s stock worth $28,872,000 after purchasing an additional 328,922 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

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.