S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01
S&P 500   4,662.85
DOW   35,911.81
QQQ   380.01

Koninklijke Philips (NYSE:PHG) Price Target Lowered to €46.00 at Barclays

Friday, January 14, 2022 | MarketBeat

Koninklijke Philips (NYSE:PHG) had its target price dropped by equities research analysts at Barclays from €51.50 ($58.52) to €46.00 ($52.27) in a research note issued on Friday, The Fly reports.

A number of other research firms have also recently weighed in on PHG. Credit Suisse Group reiterated a "neutral" rating on shares of Koninklijke Philips in a research note on Monday, October 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Koninklijke Philips from €36.00 ($40.91) to €35.00 ($39.77) in a research report on Monday. Zacks Investment Research lowered shares of Koninklijke Philips from a "hold" rating to a "strong sell" rating and set a $39.00 price target on the stock. in a research report on Tuesday, September 28th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Koninklijke Philips in a research report on Tuesday, October 19th. Finally, HSBC raised shares of Koninklijke Philips from a "hold" rating to a "buy" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $40.00.

PHG traded up $0.34 during midday trading on Friday, reaching $34.38. The company had a trading volume of 230,610 shares, compared to its average volume of 1,679,054. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 1.08. The stock has a market cap of $31.12 billion, a PE ratio of 7.30, a P/E/G ratio of 1.28 and a beta of 0.88. Koninklijke Philips has a 12-month low of $32.69 and a 12-month high of $61.23. The business has a 50-day moving average price of $38.05 and a two-hundred day moving average price of $43.27.

Koninklijke Philips (NYSE:PHG) last released its earnings results on Sunday, October 17th. The technology company reported $0.47 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.57 by ($0.10). The company had revenue of $4.16 billion during the quarter, compared to analysts' expectations of $4.21 billion. Koninklijke Philips had a net margin of 20.44% and a return on equity of 13.68%. The firm's revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.60 earnings per share. On average, research analysts anticipate that Koninklijke Philips will post 2.26 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Mitchell & Pahl Private Wealth LLC lifted its holdings in shares of Koninklijke Philips by 4.9% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 5,037 shares of the technology company's stock valued at $224,000 after purchasing an additional 237 shares in the last quarter. Cedar Brook Financial Partners LLC lifted its holdings in Koninklijke Philips by 4.7% in the second quarter. Cedar Brook Financial Partners LLC now owns 5,382 shares of the technology company's stock valued at $267,000 after acquiring an additional 242 shares during the period. Park Avenue Securities LLC lifted its holdings in Koninklijke Philips by 1.9% in the third quarter. Park Avenue Securities LLC now owns 13,231 shares of the technology company's stock valued at $588,000 after acquiring an additional 246 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in Koninklijke Philips by 1.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 16,701 shares of the technology company's stock valued at $742,000 after acquiring an additional 251 shares during the period. Finally, Commerce Bank lifted its holdings in Koninklijke Philips by 2.9% in the third quarter. Commerce Bank now owns 8,818 shares of the technology company's stock valued at $392,000 after acquiring an additional 251 shares during the period. 8.48% of the stock is currently owned by institutional investors and hedge funds.

About Koninklijke Philips

Koninklijke Philips NV is a technology company, which engages in the healthcare, lighting, and consumer well-being markets. It operates through the following segments: Personal Health, Diagnosis & Treatment, Connected Care & Health Informatics, and Other. The Personal Health segment focuses on healthy living and preventative care.

Recommended Story: Learning About the VIX - Volatility Index

The Fly logo

Analyst Recommendations for Koninklijke Philips (NYSE:PHG)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Koninklijke Philips right now?

Before you consider Koninklijke Philips, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Koninklijke Philips wasn't on the list.

While Koninklijke Philips currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.