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, 4 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 Wall Street research analysts have issued 1-year price objectives for Koninklijke Philips' stock. Their PHG share price forecasts range from $10.90 to $31.00. On average, they predict the company's stock price to reach $18.56 in the next year. This suggests a possible upside of 10.6% 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 at the start of the year. Since then, PHG stock has increased by 11.9% and is now trading at $16.78.
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Koninklijke Philips saw a increase in short interest in 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 trading volume of 3,250,000 shares, the days-to-cover ratio is currently 1.2 days. Approximately 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, January 30th 2023.
View our PHG earnings forecast.

Koninklijke Philips will be holding an earnings conference call on Monday, January 30th at 4:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Koninklijke Philips (NYSE:PHG) announced its quarterly earnings results on Sunday, October, 17th. The technology company reported $0.47 EPS 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 analysts' expectations of $4.21 billion. Koninklijke Philips had a negative net margin of 6.09% and a positive trailing twelve-month return on equity of 7.50%. Koninklijke Philips's revenue was down 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.60 EPS.

Koninklijke Philips (NYSE:PHG) pays an annual dividend of $0.78 per share and currently has a dividend yield of 4.58%. 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.

Koninklijke Philips issued an update on its third quarter 2022 earnings guidance on Wednesday, November, 2nd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $4.58 billion-$4.58 billion.

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 many different institutional and retail investors. Top institutional investors include Pendal Group Ltd (0.31%), National Bank of Canada FI (0.04%), Inlet Private Wealth LLC (0.02%), Bonness Enterprises Inc. (0.01%), Veriti Management LLC (0.01%) and Stephens Inc. AR (0.00%).
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 $16.78.

Koninklijke Philips (NYSE:PHG) has a market capitalization of $14.92 billion and generates $20.30 billion in revenue each year. The technology company earns $3.93 billion in net income (profit) each year or ($1.27) 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.