Koninklijke Philips N.V. (NYSE:PHG) Given Average Recommendation of “Hold” by Brokerages

Shares of Koninklijke Philips N.V. (NYSE:PHG) have received a consensus rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company.

Several research firms have commented on PHG. Royal Bank Of Canada assumed coverage on shares of Koninklijke Philips in a research note on Wednesday, December 17th. They set a “sector perform” rating on the stock. Wall Street Zen raised shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a report on Saturday, January 10th. Zacks Research cut shares of Koninklijke Philips from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Weiss Ratings upgraded shares of Koninklijke Philips from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Finally, Sanford C. Bernstein raised Koninklijke Philips to a “hold” rating in a research note on Wednesday, December 17th.

Koninklijke Philips Stock Performance

NYSE:PHG opened at $29.48 on Thursday. The stock’s 50-day moving average is $28.15 and its 200-day moving average is $27.82. Koninklijke Philips has a 1-year low of $21.48 and a 1-year high of $30.30. The company has a current ratio of 1.32, a quick ratio of 0.86 and a debt-to-equity ratio of 0.68. The stock has a market cap of $28.39 billion, a P/E ratio of 147.41, a price-to-earnings-growth ratio of 0.83 and a beta of 0.79.

Hedge Funds Weigh In On Koninklijke Philips

Large investors have recently bought and sold shares of the stock. Mondrian Investment Partners LTD bought a new position in shares of Koninklijke Philips in the third quarter worth approximately $215,529,000. Brandes Investment Partners LP boosted its position in Koninklijke Philips by 54.3% during the 2nd quarter. Brandes Investment Partners LP now owns 1,530,918 shares of the technology company’s stock valued at $36,712,000 after buying an additional 538,715 shares during the period. Investment Management Associates Inc. ADV bought a new stake in Koninklijke Philips in the 2nd quarter worth $12,122,000. Morningstar Investment Management LLC purchased a new position in shares of Koninklijke Philips in the third quarter valued at about $5,434,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Koninklijke Philips by 435.0% in 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 acquiring an additional 183,444 shares during the period. 13.67% of the stock is owned by hedge funds and other institutional investors.

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.