Koninklijke Philips (NYSE:PHG) Stock Rating Upgraded by StockNews.com

Koninklijke Philips (NYSE:PHG) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Saturday.

A number of other equities research analysts have also recently commented on PHG. UBS Group raised shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. BNP Paribas upgraded Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Koninklijke Philips Stock Up 1.9 %

NYSE:PHG opened at $27.58 on Friday. The company has a market cap of $25.93 billion, a price-to-earnings ratio of -32.84, a price-to-earnings-growth ratio of 0.82 and a beta of 0.78. Koninklijke Philips has a twelve month low of $19.10 and a twelve month high of $32.91. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The stock has a fifty day simple moving average of $26.51 and a 200-day simple moving average of $27.99.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $5.38 billion during the quarter, compared to the consensus estimate of $5.10 billion. Koninklijke Philips had a positive return on equity of 10.85% and a negative net margin of 3.88%. Analysts anticipate that Koninklijke Philips will post 1.63 EPS for the current year.

Hedge Funds Weigh In On Koninklijke Philips

Several hedge funds have recently made changes to their positions in the company. Colonial Trust Co SC lifted its position in Koninklijke Philips by 724.0% during the 4th quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,238 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in shares of Koninklijke Philips during the third quarter worth about $54,000. Farther Finance Advisors LLC boosted its position in Koninklijke Philips by 37.1% in the fourth quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock valued at $54,000 after buying an additional 582 shares during the last quarter. Whipplewood Advisors LLC acquired a new position in Koninklijke Philips in the 4th quarter worth approximately $55,000. Finally, Millstone Evans Group LLC purchased a new position in Koninklijke Philips during the 4th quarter worth approximately $60,000. 13.67% of the stock is owned by institutional investors and hedge funds.

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.