Koninklijke Philips (NYSE:PHG) Upgraded at Sanford C. Bernstein

Sanford C. Bernstein upgraded shares of Koninklijke Philips (NYSE:PHG) to a hold rating in a research note published on Wednesday morning,Zacks.com reports.

Other analysts also recently issued research reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Koninklijke Philips in a research note on Monday. Wall Street Zen upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Finally, Royal Bank Of Canada initiated coverage on Koninklijke Philips in a report on Wednesday. They set a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Koninklijke Philips has a consensus rating of “Hold”.

Koninklijke Philips Stock Performance

PHG stock opened at $26.70 on Wednesday. The firm has a 50 day moving average of $27.73 and a two-hundred day moving average of $26.59. Koninklijke Philips has a 12 month low of $21.48 and a 12 month high of $29.54. The company has a market capitalization of $25.71 billion, a price-to-earnings ratio of 133.51, a P/E/G ratio of 0.71 and a beta of 0.79. The company has a quick ratio of 0.86, a current ratio of 1.32 and a debt-to-equity ratio of 0.68.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Tuesday, November 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The business had revenue of $5.05 billion during the quarter, compared to analyst estimates of $4.30 billion. Koninklijke Philips had a net margin of 1.07% and a return on equity of 12.14%. As a group, equities analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rhumbline Advisers boosted its position in shares of Koninklijke Philips by 1.3% in the second quarter. Rhumbline Advisers now owns 29,306 shares of the technology company’s stock valued at $703,000 after acquiring an additional 388 shares during the period. Franklin Resources Inc. raised its stake in Koninklijke Philips by 3.9% during the 3rd quarter. Franklin Resources Inc. now owns 11,592 shares of the technology company’s stock valued at $316,000 after purchasing an additional 439 shares during the last quarter. Kitching Partners LLC boosted its holdings in Koninklijke Philips by 4.2% in the 2nd quarter. Kitching Partners LLC now owns 11,259 shares of the technology company’s stock valued at $270,000 after purchasing an additional 457 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in Koninklijke Philips by 4.4% in the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 11,357 shares of the technology company’s stock worth $310,000 after purchasing an additional 478 shares during the last quarter. Finally, First Affirmative Financial Network grew its position in Koninklijke Philips by 5.1% in the 3rd quarter. First Affirmative Financial Network now owns 11,418 shares of the technology company’s stock worth $311,000 after purchasing an additional 550 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors and hedge funds.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.