Koninklijke Philips (NYSE:PHG – Get Rating) is scheduled to release its earnings data before the market opens on Monday, January 30th. Persons interested in participating in the company's earnings conference call can do so using this link.
Koninklijke Philips Stock Performance
Shares of Koninklijke Philips stock opened at $16.99 on Friday. Koninklijke Philips has a fifty-two week low of $11.75 and a fifty-two week high of $34.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.19 and a quick ratio of 0.70. The firm has a market capitalization of $15.11 billion, a P/E ratio of -13.39 and a beta of 0.86. The company's 50 day moving average price is $15.23 and its two-hundred day moving average price is $16.35.
Get Koninklijke Philips alerts:Hedge Funds Weigh In On Koninklijke Philips
Several institutional investors have recently added to or reduced their stakes in the business. Credit Suisse AG bought a new position in shares of Koninklijke Philips during the 2nd quarter worth about $65,000. Captrust Financial Advisors boosted its holdings in Koninklijke Philips by 21.3% in the third quarter. Captrust Financial Advisors now owns 11,454 shares of the technology company's stock worth $176,000 after acquiring an additional 2,011 shares in the last quarter. First Trust Advisors LP acquired a new stake in Koninklijke Philips in the third quarter valued at approximately $228,000. Verition Fund Management LLC increased its holdings in shares of Koninklijke Philips by 37.2% during the second quarter. Verition Fund Management LLC now owns 11,960 shares of the technology company's stock valued at $257,000 after acquiring an additional 3,243 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of Koninklijke Philips by 9.7% during the first quarter. Baird Financial Group Inc. now owns 9,206 shares of the technology company's stock valued at $281,000 after acquiring an additional 813 shares in the last quarter. 10.17% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have weighed in on PHG. Societe Generale lowered shares of Koninklijke Philips from a "buy" rating to a "hold" rating in a research report on Thursday, October 13th. Deutsche Bank Aktiengesellschaft downgraded shares of Koninklijke Philips from a "hold" rating to a "sell" rating in a research note on Friday, October 14th. UBS Group downgraded shares of Koninklijke Philips from a "neutral" rating to a "sell" rating in a research note on Tuesday, January 17th. HSBC downgraded shares of Koninklijke Philips from a "hold" rating to a "reduce" rating in a research note on Tuesday, October 25th. Finally, TheStreet downgraded shares of Koninklijke Philips from a "c-" rating to a "d" rating in a research note on Monday, December 5th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $18.56.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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