Koninklijke Philips (NYSE:PHG) Rating Lowered to Hold at Wall Street Zen

Koninklijke Philips (NYSE:PHG) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday.

Several other research analysts have also issued reports on the stock. Sanford C. Bernstein upgraded shares of Koninklijke Philips to a “hold” rating in a research report on Wednesday, December 17th. Royal Bank Of Canada assumed coverage on Koninklijke Philips in a research note on Wednesday, December 17th. They set a “sector perform” rating for the company. Zacks Research upgraded Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Finally, Weiss Ratings lowered Koninklijke Philips from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Koninklijke Philips has an average rating of “Moderate Buy”.

Koninklijke Philips Price Performance

Shares of Koninklijke Philips stock opened at $27.10 on Friday. Koninklijke Philips has a 52 week low of $21.48 and a 52 week high of $33.44. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.63. The stock has a market cap of $26.09 billion, a PE ratio of 25.57, a price-to-earnings-growth ratio of 7.04 and a beta of 0.81. The company’s 50-day moving average price is $29.29 and its two-hundred day moving average price is $28.39.

Koninklijke Philips (NYSE:PHG) last posted its quarterly earnings data on Tuesday, February 10th. The technology company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.20. Koninklijke Philips had a net margin of 5.09% and a return on equity of 13.68%. The company had revenue of $5.98 billion during the quarter, compared to analyst estimates of $5.03 billion. As a group, sell-side analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Institutional Trading of Koninklijke Philips

A number of hedge funds and other institutional investors have recently bought and sold shares of PHG. Mondrian Investment Partners LTD bought a new position in shares of Koninklijke Philips in the third quarter worth $215,529,000. Morgan Stanley grew its holdings in shares of Koninklijke Philips by 11.0% during the 4th quarter. Morgan Stanley now owns 2,841,880 shares of the technology company’s stock valued at $76,958,000 after purchasing an additional 282,661 shares during the last quarter. Moore Capital Management LP bought a new position in shares of Koninklijke Philips during the fourth quarter valued at about $5,727,000. Morningstar Investment Management LLC purchased a new position in Koninklijke Philips in the 3rd quarter worth approximately $5,434,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Koninklijke Philips by 435.0% during the second quarter. Tower Research Capital LLC TRC now owns 225,616 shares of the technology company’s stock valued at $5,410,000 after buying an additional 183,444 shares during the period. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Company Profile

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.