Koninklijke Philips (NYSE:PHG) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Koninklijke Philips N.V. (NYSE:PHG) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $26.96 and traded as high as $28.11. Koninklijke Philips shares last traded at $28.0180, with a volume of 613,829 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Royal Bank Of Canada assumed coverage on Koninklijke Philips in a report on Wednesday, December 17th. They issued a “sector perform” rating for the company. Wall Street Zen downgraded shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a “hold” rating in a research note on Wednesday, December 17th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Koninklijke Philips in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Koninklijke Philips has an average rating of “Hold”.

Koninklijke Philips Trading Up 3.5%

The firm’s 50-day simple moving average is $27.47 and its 200 day simple moving average is $26.96. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.32 and a quick ratio of 0.86. The firm has a market capitalization of $26.98 billion, a price-to-earnings ratio of 140.10, a P/E/G ratio of 0.68 and a beta of 0.79.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, November 4th. The technology company reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $5.05 billion during the quarter, compared to analysts’ expectations of $4.30 billion. Koninklijke Philips had a return on equity of 12.14% and a net margin of 1.07%. Equities analysts expect that Koninklijke Philips N.V. will post 1.63 earnings per share for the current year.

Institutional Trading of Koninklijke Philips

Several large investors have recently modified their holdings of the stock. Royal Bank of Canada grew its stake in shares of Koninklijke Philips by 1.3% in the 1st quarter. Royal Bank of Canada now owns 269,829 shares of the technology company’s stock valued at $6,854,000 after buying an additional 3,540 shares during the period. AQR Capital Management LLC increased its holdings in shares of Koninklijke Philips by 60.8% during the first quarter. AQR Capital Management LLC now owns 17,010 shares of the technology company’s stock valued at $432,000 after acquiring an additional 6,429 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Koninklijke Philips by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 846,253 shares of the technology company’s stock worth $21,495,000 after purchasing an additional 12,908 shares during the period. Jane Street Group LLC lifted its holdings in shares of Koninklijke Philips by 125.8% in the 1st quarter. Jane Street Group LLC now owns 104,024 shares of the technology company’s stock worth $2,642,000 after purchasing an additional 57,952 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Koninklijke Philips by 45.5% in the 1st quarter. Geneos Wealth Management Inc. now owns 4,755 shares of the technology company’s stock valued at $121,000 after purchasing an additional 1,488 shares during the period. Institutional investors and hedge funds own 13.67% of the company’s stock.

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.