Koninklijke Philips (NYSE:PHG) Given Consensus Rating of “Hold” by Brokerages

Koninklijke Philips (NYSE:PHG) has earned an average rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.

Several research firms recently issued reports on PHG. StockNews.com lowered Koninklijke Philips from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th.

Institutional Investors Weigh In On Koninklijke Philips

Large investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in Koninklijke Philips by 822.0% during the 2nd quarter. Millennium Management LLC now owns 1,120,521 shares of the technology company’s stock worth $28,237,000 after buying an additional 998,995 shares during the last quarter. Bank of Montreal Can raised its position in shares of Koninklijke Philips by 2,883.5% during the 3rd quarter. Bank of Montreal Can now owns 982,199 shares of the technology company’s stock worth $32,157,000 after acquiring an additional 949,278 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Koninklijke Philips by 27.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,036,336 shares of the technology company’s stock worth $101,718,000 after purchasing an additional 864,951 shares during the last quarter. IHT Wealth Management LLC acquired a new position in Koninklijke Philips in the third quarter valued at approximately $19,593,000. Finally, Bar Harbor Wealth Management purchased a new position in Koninklijke Philips in the third quarter valued at approximately $9,877,000. Hedge funds and other institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Stock Down 2.6 %

NYSE:PHG opened at $24.92 on Friday. Koninklijke Philips has a 52 week low of $19.55 and a 52 week high of $32.91. The stock’s fifty day moving average is $25.93 and its two-hundred day moving average is $28.08. The stock has a market capitalization of $23.42 billion, a price-to-earnings ratio of -59.33, a price-to-earnings-growth ratio of 0.92 and a beta of 0.77. The company has a quick ratio of 0.74, a current ratio of 1.16 and a debt-to-equity ratio of 0.60.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. The company operates through Diagnosis & Treatment Businesses, Connected Care Businesses, and Personal Health Businesses segments. It also provides diagnostic imaging solutions, includes magnetic resonance imaging, X-ray systems, and computed tomography (CT) systems and software comprising detector-based spectral CT solutions, as well as molecular and hybrid imaging solutions for nuclear medicine; echography solutions focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; integrated interventional systems, and interventional diagnostic and therapeutic devices to treat coronary artery and peripheral vascular disease.