Koninklijke Philips (NYSE:PHG) Upgraded at Wall Street Zen

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

PHG has been the subject of several other reports. Weiss Ratings upgraded Koninklijke Philips from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, March 18th. Zacks Research upgraded Koninklijke Philips from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Sanford C. Bernstein raised Koninklijke Philips to a “hold” rating in a report on Wednesday, December 17th. Finally, Royal Bank Of Canada assumed coverage on shares of Koninklijke Philips in a research report on Wednesday, December 17th. They set a “sector perform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Koninklijke Philips has a consensus rating of “Moderate Buy”.

Koninklijke Philips Stock Performance

Shares of PHG opened at $26.80 on Friday. The company has a market cap of $25.80 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 7.72 and a beta of 0.77. The firm has a 50-day moving average of $29.51 and a 200-day moving average of $28.43. Koninklijke Philips has a one year low of $21.48 and a one year high of $33.44. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.32 and a quick ratio of 0.94.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, February 10th. The technology company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $5.03 billion. As a group, equities analysts forecast that Koninklijke Philips will post 1.63 earnings per share for the current year.

Institutional Trading of Koninklijke Philips

Several hedge funds have recently added to or reduced their stakes in the company. Johnson Financial Group Inc. bought a new stake in Koninklijke Philips in the 3rd quarter valued at $27,000. Flagship Harbor Advisors LLC bought a new position in Koninklijke Philips during the 4th quarter worth $31,000. CIBC Private Wealth Group LLC grew its stake in shares of Koninklijke Philips by 179.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,272 shares of the technology company’s stock valued at $34,000 after acquiring an additional 817 shares in the last quarter. Navalign LLC acquired a new position in shares of Koninklijke Philips in the fourth quarter valued at about $54,000. Finally, Hilton Head Capital Partners LLC bought a new position in Koninklijke Philips during the fourth quarter worth about $56,000. 13.67% of the stock is 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.