Wall Street Zen Upgrades Koninklijke Philips (NYSE:PHG) to Buy

Koninklijke Philips (NYSE:PHG) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Koninklijke Philips in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy”.

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $27.26 on Friday. Koninklijke Philips has a twelve month low of $21.48 and a twelve month high of $29.54. The stock’s 50 day moving average is $27.92 and its 200-day moving average is $26.09. The company has a quick ratio of 0.86, a current ratio of 1.32 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $26.25 billion, a price-to-earnings ratio of 136.31, a PEG ratio of 0.71 and a beta of 0.82.

Koninklijke Philips (NYSE:PHG) last announced its quarterly earnings results on Tuesday, November 4th. The technology company reported $0.37 EPS for the quarter, meeting analysts’ consensus estimates of $0.37. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. The business had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.30 billion. Sell-side analysts forecast that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Institutional Investors Weigh In On Koninklijke Philips

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its holdings in Koninklijke Philips by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 4,396,095 shares of the technology company’s stock worth $111,662,000 after acquiring an additional 106,044 shares during the last quarter. HB Wealth Management LLC bought a new position in Koninklijke Philips during the first quarter worth about $333,000. Oppenheimer Asset Management Inc. boosted its position in Koninklijke Philips by 15.1% during the second quarter. Oppenheimer Asset Management Inc. now owns 189,720 shares of the technology company’s stock worth $4,549,000 after purchasing an additional 24,931 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Koninklijke Philips by 18.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 72,276 shares of the technology company’s stock worth $1,836,000 after purchasing an additional 11,018 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Koninklijke Philips by 2.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,351,015 shares of the technology company’s stock valued at $32,397,000 after purchasing an additional 32,663 shares during the period. 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.