Koninklijke Philips (NYSE:PHG) Receives Average Rating of “Hold” from Analysts

Koninklijke Philips (NYSE:PHG) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

PHG has been the subject of a number of research reports. StockNews.com cut shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a report on Tuesday, October 29th.

Koninklijke Philips Stock Performance

NYSE PHG opened at $27.18 on Friday. The company has a market capitalization of $25.55 billion, a PE ratio of -64.71, a P/E/G ratio of 0.93 and a beta of 0.77. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. Koninklijke Philips has a 1 year low of $19.49 and a 1 year high of $32.91. The company has a fifty day moving average of $29.56 and a two-hundred day moving average of $28.28.

Institutional Investors Weigh In On Koninklijke Philips

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PHG. FMR LLC increased its stake in Koninklijke Philips by 0.6% during the third quarter. FMR LLC now owns 6,138,708 shares of the technology company’s stock valued at $200,859,000 after purchasing an additional 35,935 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Koninklijke Philips by 27.3% in the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock worth $101,718,000 after buying an additional 864,951 shares during the period. Millennium Management LLC lifted its stake in Koninklijke Philips by 822.0% in the second quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock valued at $28,237,000 after buying an additional 998,995 shares during the last quarter. Bank of Montreal Can grew its position in shares of Koninklijke Philips by 2,883.5% during the third quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock worth $32,157,000 after acquiring an additional 949,278 shares during the last quarter. Finally, Natixis Advisors LLC increased its holdings in shares of Koninklijke Philips by 5.2% in the 2nd quarter. Natixis Advisors LLC now owns 930,085 shares of the technology company’s stock worth $23,438,000 after acquiring an additional 46,268 shares during the period. Hedge funds and other institutional investors own 13.67% of the company’s stock.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.