Koninklijke Philips (NYSE:PHG – Get Rating) has been given a consensus rating of "Hold" by the thirteen analysts that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $18.68.
A number of research firms recently commented on PHG. StockNews.com began coverage on Koninklijke Philips in a research note on Wednesday, October 12th. They issued a "hold" rating on the stock. Morgan Stanley dropped their price target on Koninklijke Philips from €17.00 ($18.48) to €16.00 ($17.39) and set an "equal weight" rating on the stock in a research note on Tuesday, January 17th. JPMorgan Chase & Co. dropped their price target on Koninklijke Philips from €18.80 ($20.43) to €10.90 ($11.85) in a research note on Tuesday, November 1st. UBS Group lowered Koninklijke Philips from a "neutral" rating to a "sell" rating in a research note on Tuesday, January 17th. Finally, HSBC lowered Koninklijke Philips from a "hold" rating to a "reduce" rating in a research note on Tuesday, October 25th.
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Koninklijke Philips Stock Performance
Shares of PHG stock opened at $16.99 on Friday. The business's 50-day moving average price is $15.28 and its 200-day moving average price is $16.33. The company has a current ratio of 1.19, a quick ratio of 0.70 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $15.11 billion, a price-to-earnings ratio of -13.38 and a beta of 0.86. Koninklijke Philips has a 12 month low of $11.75 and a 12 month high of $34.93.
Institutional Investors Weigh In On Koninklijke Philips
Several institutional investors have recently bought and sold shares of the stock. Natixis Advisors L.P. grew its holdings in Koninklijke Philips by 16.9% during the fourth quarter. Natixis Advisors L.P. now owns 1,577,559 shares of the technology company's stock worth $23,648,000 after buying an additional 227,821 shares in the last quarter. Comerica Bank grew its holdings in Koninklijke Philips by 629.6% during the fourth quarter. Comerica Bank now owns 159,484 shares of the technology company's stock worth $2,660,000 after buying an additional 137,626 shares in the last quarter. Bonness Enterprises Inc. grew its holdings in Koninklijke Philips by 104.2% during the fourth quarter. Bonness Enterprises Inc. now owns 97,229 shares of the technology company's stock worth $1,457,000 after buying an additional 49,611 shares in the last quarter. National Bank of Canada FI grew its holdings in Koninklijke Philips by 583.8% during the fourth quarter. National Bank of Canada FI now owns 352,477 shares of the technology company's stock worth $5,284,000 after buying an additional 300,928 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in Koninklijke Philips by 17.6% during the fourth quarter. Park Avenue Securities LLC now owns 14,008 shares of the technology company's stock worth $210,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 10.17% of the company's stock.
About Koninklijke Philips
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Koninklijke Philips N.V. operates as a health technology company in North America and internationally. It operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. The company provides diagnostic imaging solutions, includes magnetic resonance imaging, computed tomography (CT) systems, X-ray systems, and detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; integrated interventional systems; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.
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