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 twelve months. There are currently 5 sell ratings, 3 hold ratings and 2 buy ratings 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' stock. Their PHG share price forecasts range from $10.90 to $31.00. On average, they anticipate the company's share price to reach $18.56 in the next year. This suggests a possible upside of 6.6% from the stock's current price.
View analysts price targets for PHG or view top-rated stocks among Wall Street analysts.

Koninklijke Philips' stock was trading at $14.99 on January 1st, 2023. Since then, PHG stock has increased by 16.1% and is now trading at $17.41.
View the best growth stocks for 2023 here.

Koninklijke Philips saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 4,050,000 shares, an increase of 40.1% from the December 15th total of 2,890,000 shares. Based on an average daily volume of 3,250,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.5% of the shares of the company are short sold.
View Koninklijke Philips' Short Interest.

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

Koninklijke Philips (NYSE:PHG) issued its quarterly earnings data on Sunday, October, 17th. The technology company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.57 by $0.10. The technology company earned $4.16 billion during the quarter, compared to analysts' expectations of $4.21 billion. Koninklijke Philips had a negative net margin of 7.67% and a positive trailing twelve-month return on equity of 6.86%. The firm's revenue for the quarter was down 5.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 earnings per share.

Koninklijke Philips (NYSE:PHG) pays an annual dividend of $0.78 per share and currently has a dividend yield of 4.49%. 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 shareholders include Pendal Group Ltd (0.31%), Bank of Montreal Can (0.22%), Mondrian Investment Partners LTD (0.22%), Natixis Advisors L.P. (0.18%), Envestnet Asset Management Inc. (0.10%) and National Bank of Canada FI (0.04%).
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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.
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One share of PHG stock can currently be purchased for approximately $17.41.

Koninklijke Philips (NYSE:PHG) has a market capitalization of $15.48 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 ($1.60) on an earnings per share basis.

The company employs 78,189 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.