Koninklijke Philips - PHG Stock Forecast, Price & News

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Koninklijke Philips in the last year. There are currently 2 sell ratings, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street 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.

11 Wall Street analysts have issued 12-month price objectives for Koninklijke Philips' stock. Their PHG share price forecasts range from $16.00 to $39.00. On average, they anticipate the company's stock price to reach $25.76 in the next year. This suggests a possible upside of 36.4% 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 $36.85 at the start of the year. Since then, PHG stock has decreased by 48.7% and is now trading at $18.89.
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Koninklijke Philips saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 3,200,000 shares, an increase of 15.9% from the July 15th total of 2,760,000 shares. Based on an average daily trading volume, of 1,890,000 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% 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, October 17th 2022.
View our PHG earnings forecast.

Koninklijke Philips (NYSE:PHG) posted its earnings results on Sunday, October, 17th. The technology company reported $0.47 earnings per share for the quarter, missing analysts' consensus estimates of $0.57 by $0.10. The technology company had revenue of $4.16 billion for the quarter, compared to the consensus estimate of $4.21 billion. Koninklijke Philips had a net margin of 19.20% and a trailing twelve-month return on equity of 8.77%. The firm's quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS.

Koninklijke Philips announced an annual dividend on Tuesday, January 25th. Investors of record on Friday, May 13th will be paid a dividend of $0.9641 per share on Wednesday, June 8th. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, May 12th.
Read our dividend analysis for PHG.

Koninklijke Philips (NYSE:PHG) pays an annual dividend of $0.78 per share and currently has a dividend yield of 3.98%. PHG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 19.21%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, PHG will have a dividend payout ratio of 48.75% next year. This indicates that the company will be able to sustain or increase its dividend.
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 variety of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (4.42%), FMR LLC (0.68%), Thompson Siegel & Walmsley LLC (0.27%), Pendal Group Ltd (0.22%), Renaissance Technologies LLC (0.15%) and Natixis Advisors L.P. (0.11%).
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.
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One share of PHG stock can currently be purchased for approximately $18.89.

Koninklijke Philips (NYSE:PHG) has a market capitalization of $16.80 billion and generates $20.30 billion in revenue each year. The technology company earns $3.93 billion in net income (profit) each year or $4.06 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.