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

Shares of Koninklijke Philips (NYSE:PHG) have been assigned an average rating of “Hold” from the five analysts that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Several research firms have commented on PHG. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th.

Koninklijke Philips Stock Performance

Shares of PHG stock opened at $25.11 on Wednesday. Koninklijke Philips has a 52-week low of $19.55 and a 52-week high of $32.91. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60. The stock has a market cap of $23.60 billion, a PE ratio of -59.78, a price-to-earnings-growth ratio of 0.92 and a beta of 0.76. The business has a 50-day simple moving average of $27.44 and a 200-day simple moving average of $28.13.

Institutional Investors Weigh In On Koninklijke Philips

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new stake in Koninklijke Philips during the 3rd quarter worth approximately $54,000. Sanctuary Advisors LLC boosted its stake in shares of Koninklijke Philips by 17.5% in the third quarter. Sanctuary Advisors LLC now owns 58,435 shares of the technology company’s stock worth $1,912,000 after acquiring an additional 8,721 shares during the last quarter. XTX Topco Ltd increased its position in shares of Koninklijke Philips by 73.0% during the third quarter. XTX Topco Ltd now owns 30,726 shares of the technology company’s stock worth $1,005,000 after purchasing an additional 12,969 shares in the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Koninklijke Philips during the third quarter worth approximately $205,000. Finally, Jane Street Group LLC raised its stake in Koninklijke Philips by 787.9% in the 3rd quarter. Jane Street Group LLC now owns 128,686 shares of the technology company’s stock valued at $4,211,000 after purchasing an additional 114,193 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Company Profile

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.