Koninklijke Philips (NYSE:PHG) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, The Fly reports.
Other research analysts also recently issued reports about the stock. Berenberg Bank upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Monday, February 12th. Zacks Investment Research raised Koninklijke Philips from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Thursday, January 11th. Finally, ValuEngine cut Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.50.
Koninklijke Philips stock opened at $39.47 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.13 and a current ratio of 1.47. Koninklijke Philips has a 1 year low of $31.53 and a 1 year high of $42.35. The stock has a market cap of $36,566.02, a price-to-earnings ratio of 31.83, a price-to-earnings-growth ratio of 2.04 and a beta of 1.27.
Koninklijke Philips (NYSE:PHG) last released its earnings results on Tuesday, January 30th. The technology company reported $0.59 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.59. Koninklijke Philips had a net margin of 8.68% and a return on equity of 6.93%. The company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.42 billion. During the same period in the prior year, the company posted $0.67 EPS. The company’s revenue was down 26.8% compared to the same quarter last year. analysts forecast that Koninklijke Philips will post 2.15 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the company. Icon Wealth Partners LLC bought a new stake in shares of Koninklijke Philips in the 4th quarter valued at about $128,000. Creative Planning bought a new stake in shares of Koninklijke Philips in the 4th quarter valued at about $204,000. First Republic Investment Management Inc. bought a new stake in shares of Koninklijke Philips in the 3rd quarter valued at about $210,000. Advisor Group Inc. increased its stake in shares of Koninklijke Philips by 45.9% in the 4th quarter. Advisor Group Inc. now owns 5,900 shares of the technology company’s stock valued at $224,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Investors Research Corp bought a new stake in shares of Koninklijke Philips in the 4th quarter valued at about $229,000. 6.77% of the stock is owned by institutional investors.
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Koninklijke Philips Company Profile
Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.
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