Koninklijke Philips N.V. (NYSE:PHG) has earned an average recommendation of “Buy” from the thirteen research firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $33.50.
A number of equities research analysts have issued reports on PHG shares. Societe Generale lowered shares of Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, April 25th. Zacks Investment Research upgraded shares of Koninklijke Philips N.V. from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Deutsche Bank AG lowered shares of Koninklijke Philips N.V. from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Natixis lowered shares of Koninklijke Philips N.V. from a “buy” rating to a “neutral” rating in a report on Wednesday, June 21st. Finally, Canaccord Genuity restated a “buy” rating and issued a $37.00 price objective on shares of Koninklijke Philips N.V. in a report on Monday, July 3rd.
Koninklijke Philips N.V. (NYSE:PHG) opened at 37.08 on Monday. Koninklijke Philips N.V. has a 52 week low of $27.96 and a 52 week high of $38.61. The company has a 50-day moving average of $36.90 and a 200-day moving average of $33.71. The company has a market cap of $34.75 billion, a P/E ratio of 19.97 and a beta of 1.34.
Koninklijke Philips N.V. (NYSE:PHG) last released its earnings results on Monday, July 24th. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.18. The business had revenue of $4.29 billion for the quarter, compared to analyst estimates of $4.38 billion. Koninklijke Philips N.V. had a return on equity of 8.92% and a net margin of 6.39%. Koninklijke Philips N.V.’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 earnings per share. On average, equities research analysts predict that Koninklijke Philips N.V. will post $1.95 EPS for the current year.
Koninklijke Philips N.V. announced that its Board of Directors has approved a stock buyback program on Wednesday, June 28th that authorizes the company to buyback outstanding shares. This buyback authorization authorizes the technology company to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
A number of large investors have recently made changes to their positions in PHG. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of Koninklijke Philips N.V. during the second quarter valued at approximately $233,000. YorkBridge Wealth Partners LLC bought a new stake in shares of Koninklijke Philips N.V. during the first quarter valued at approximately $122,000. IFP Advisors Inc raised its stake in shares of Koninklijke Philips N.V. by 10.5% in the first quarter. IFP Advisors Inc now owns 4,748 shares of the technology company’s stock valued at $152,000 after buying an additional 452 shares in the last quarter. Advisory Services Network LLC bought a new stake in shares of Koninklijke Philips N.V. during the first quarter valued at approximately $156,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Koninklijke Philips N.V. by 47.9% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 4,959 shares of the technology company’s stock valued at $159,000 after buying an additional 1,607 shares in the last quarter. Hedge funds and other institutional investors own 7.17% of the company’s stock.
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Koninklijke Philips N.V. Company Profile
Koninklijke Philips N.V. is a health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting. The Company’s 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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