Koninklijke Philips (PHG) Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Koninklijke Philips in the last year. There are currently 4 sell ratings, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PHG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PHG, but not buy additional shares or sell existing shares.
View PHG analyst ratings or view top-rated stocks.

10 analysts have issued 12-month price targets for Koninklijke Philips' shares. Their PHG share price forecasts range from $10.90 to $21.00. On average, they expect the company's stock price to reach $16.79 in the next twelve months. This suggests that the stock has a possible downside of 13.8%.
View analysts price targets for PHG or view top-rated stocks among Wall Street analysts.

Koninklijke Philips' stock was trading at $14.99 at the beginning of the year. Since then, PHG shares have increased by 29.9% and is now trading at $19.47.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our PHG earnings forecast.

Koninklijke Philips (NYSE:PHG) released its earnings results on Monday, April, 24th. The technology company reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.05. The technology company earned $4.17 billion during the quarter, compared to analyst estimates of $3.99 billion. Koninklijke Philips had a positive trailing twelve-month return on equity of 6.29% and a negative net margin of 11.63%. The company's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share.

Koninklijke Philips declared an annual dividend on Thursday, April 27th. Shareholders of record on Friday, May 12th will be given a dividend of $0.9387 per share on Thursday, May 18th. This represents a yield of 3.7%. The ex-dividend date is Thursday, May 11th.
Read our dividend analysis for PHG.

ETFs with the largest weight of Koninklijke Philips (NYSE:PHG) stock in their portfolio include Dimensional International Sustainability Core 1 ETF (DFSI).Dimensional International Core Equity 2 ETF (DFIC).

Koninklijke Philips (NYSE:PHG) pays an annual dividend of $0.93 per share and currently has a dividend yield of 4.75%. PHG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PHG.

209 employees have rated Koninklijke Philips Chief Executive Officer Vitor Rocha on Glassdoor.com. Vitor Rocha has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Koninklijke Philips investors own include Cisco Systems (CSCO), Raytheon Technologies (RTX), General Electric (GE), NVIDIA (NVDA), Advanced Micro Devices (AMD), Bank of America (BAC), Micron Technology (MU), QUALCOMM (QCOM), Ingles Markets (IMKTA) and AT&T (T).

Koninklijke Philips trades on the New York Stock Exchange (NYSE) under the ticker symbol "PHG."

Koninklijke Philips' stock is owned by a number of institutional and retail investors. Top institutional investors include FMR LLC (0.97%), BlackRock Inc. (0.75%), Thompson Siegel & Walmsley LLC (0.35%), Mondrian Investment Partners LTD (0.29%), Perpetual Ltd (0.29%) and Bank of America Corp DE (0.28%).
View institutional ownership trends.

Shares of PHG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of PHG stock can currently be purchased for approximately $19.47.

Koninklijke Philips (NYSE:PHG) has a market capitalization of $17.32 billion and generates $18.79 billion in revenue each year. The technology company earns $-1,694,190,000.00 in net income (profit) each year or ($2.45) on an earnings per share basis.

The company employs 77,233 workers across the globe.

Koninklijke Philips' mailing address is PHILIPS CENTER AMSTELPLEIN 2, AMSTERDAM P7, 1096 BC. The official website for the company is www.philips.com. The technology company can be reached via phone at (120) 597-7777 or via email at investor.relations@philips.com.