Koninklijke Philips N.V. (NYSE:PHG) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Koninklijke Philips N.V. (NYSE:PHG) have earned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company.

A number of equities analysts have weighed in on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Koninklijke Philips in a research report on Saturday, September 27th. Wall Street Zen cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd.

Hedge Funds Weigh In On Koninklijke Philips

Several hedge funds and other institutional investors have recently made changes to their positions in PHG. QRG Capital Management Inc. increased its position in shares of Koninklijke Philips by 11.0% during the first quarter. QRG Capital Management Inc. now owns 142,595 shares of the technology company’s stock worth $3,622,000 after purchasing an additional 14,090 shares in the last quarter. Aurora Private Wealth Inc. purchased a new stake in shares of Koninklijke Philips during the first quarter worth $1,695,000. Cerity Partners LLC raised its position in shares of Koninklijke Philips by 30.6% in the first quarter. Cerity Partners LLC now owns 80,767 shares of the technology company’s stock valued at $2,051,000 after buying an additional 18,906 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Koninklijke Philips by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 4,396,095 shares of the technology company’s stock worth $111,662,000 after buying an additional 106,044 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in Koninklijke Philips during the first quarter worth about $333,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Stock Performance

NYSE PHG opened at $28.01 on Friday. The stock has a market capitalization of $26.97 billion, a price-to-earnings ratio of 147.39, a PEG ratio of 0.74 and a beta of 0.82. The stock has a 50-day moving average of $27.43 and a 200 day moving average of $25.18. The company has a current ratio of 1.26, a quick ratio of 0.81 and a debt-to-equity ratio of 0.69. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $32.62.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Tuesday, July 29th. The technology company reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.12. Koninklijke Philips had a return on equity of 11.95% and a net margin of 1.00%.The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $4.35 billion. Sell-side analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

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.