Koninklijke Philips - PHG Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Koninklijke Philips in the last year. There are currently 5 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 Wall Street research analysts have issued 12-month target prices for Koninklijke Philips' stock. Their PHG share price forecasts range from $10.90 to $31.00. On average, they predict the company's share price to reach $18.56 in the next twelve months. This suggests a possible upside of 14.7% 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 at the beginning of 2023. Since then, PHG stock has increased by 7.9% and is now trading at $16.18.
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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 the consensus estimate of $4.21 billion. Koninklijke Philips had a positive trailing twelve-month return on equity of 6.86% and a negative net margin of 7.67%. The firm's revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share.

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 $0.78 per share and currently has a dividend yield of 4.67%. 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 Fiduciary Management Inc. WI (0.98%), Morgan Stanley (0.38%), Thompson Siegel & Walmsley LLC (0.36%), Pendal Group Ltd (0.31%), Bank of America Corp DE (0.24%) and Bank of Montreal Can (0.22%).
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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 $16.18.

Koninklijke Philips (NYSE:PHG) has a market capitalization of $14.39 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 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.