Koninklijke Philips N.V. (NYSE:PHG) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Koninklijke Philips, with all five covering analysts issuing hold ratings, although some firms recently upgraded their views.
• Shares opened at $26.95, near their 50-day average of $26.92, and remain below the 12-month high of $33.44. The company has a market capitalization of approximately $26.48 billion.
• Philips reported quarterly EPS of $0.57, beating the $0.40 consensus estimate, while revenue of $4.98 billion exceeded forecasts but declined 3% year over year. Institutional investors own 13.67% of the company.

Shares of Koninklijke Philips N.V. (NYSE:PHG - Get Free Report) have earned a consensus recommendation of "Hold" from the five research firms that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating.

Several research analysts have recently weighed in on the company. UBS Group reaffirmed a "neutral" rating on shares of Koninklijke Philips in a research report on Monday, August 3rd. Weiss Ratings upgraded Koninklijke Philips from a "hold (c)" rating to a "hold (c+)" rating in a research note on Tuesday, August 4th. Zacks Research raised Koninklijke Philips from a "strong sell" rating to a "hold" rating in a research report on Thursday, August 13th. Finally, Wall Street Zen raised shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research note on Saturday, May 2nd.

Koninklijke Philips Stock Down 0.2%

NYSE:PHG opened at $26.95 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 0.55. Koninklijke Philips has a 12-month low of $23.85 and a 12-month high of $33.44. The firm has a market capitalization of $26.48 billion, a P/E ratio of 19.86, a P/E/G ratio of 11.20 and a beta of 0.76. The stock's fifty day simple moving average is $26.92 and its 200-day simple moving average is $27.62.

Koninklijke Philips (NYSE:PHG - Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The technology company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.17. Koninklijke Philips had a net margin of 6.30% and a return on equity of 14.38%. The company had revenue of $4.98 billion during the quarter, compared to analyst estimates of $4.91 billion. During the same quarter in the previous year, the business earned $0.27 EPS. The firm's revenue was down 3.0% on a year-over-year basis. Equities research analysts expect that Koninklijke Philips will post 1.75 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Lido Advisors LLC lifted its position in Koninklijke Philips by 3.7% during the 4th quarter. Lido Advisors LLC now owns 9,062 shares of the technology company's stock worth $247,000 after buying an additional 323 shares in the last quarter. Rhumbline Advisers increased its position in shares of Koninklijke Philips by 1.3% in the second quarter. Rhumbline Advisers now owns 29,306 shares of the technology company's stock valued at $703,000 after acquiring an additional 388 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Koninklijke Philips by 5.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 7,759 shares of the technology company's stock worth $210,000 after acquiring an additional 399 shares in the last quarter. Franklin Resources Inc. raised its holdings in Koninklijke Philips by 3.9% during the third quarter. Franklin Resources Inc. now owns 11,592 shares of the technology company's stock worth $316,000 after acquiring an additional 439 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in Koninklijke Philips by 19.8% during the first quarter. Bessemer Group Inc. now owns 2,756 shares of the technology company's stock valued at $76,000 after purchasing an additional 456 shares during the last quarter. Institutional investors own 13.67% of the company's stock.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. NYSE: PHG, commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips' principal activities center on medical technologies and personal health.

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