Koninklijke Philips (NYSE:PHG) Rating Increased to Buy at UBS Group

UBS Group upgraded shares of Koninklijke Philips (NYSE:PHG) from a neutral rating to a buy rating in a research note published on Thursday, MarketBeat reports.

A number of other research analysts have also commented on the stock. Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research note on Tuesday, October 29th. StockNews.com lowered shares of Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Thursday, November 14th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Koninklijke Philips Price Performance

Shares of NYSE:PHG opened at $25.04 on Thursday. The company’s 50-day moving average price is $26.25 and its two-hundred day moving average price is $28.16. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.16 and a quick ratio of 0.74. Koninklijke Philips has a one year low of $19.55 and a one year high of $32.91.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings results on Wednesday, February 19th. The technology company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.01). The business had revenue of $5.38 billion for the quarter, compared to the consensus estimate of $5.10 billion. Koninklijke Philips had a positive return on equity of 10.94% and a negative net margin of 3.88%. Research analysts anticipate that Koninklijke Philips will post 1.63 earnings per share for the current year.

Hedge Funds Weigh In On Koninklijke Philips

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Forum Financial Management LP lifted its stake in Koninklijke Philips by 18.0% in the 4th quarter. Forum Financial Management LP now owns 11,703 shares of the technology company’s stock valued at $296,000 after purchasing an additional 1,784 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in Koninklijke Philips in the 4th quarter valued at approximately $114,000. Vise Technologies Inc. lifted its stake in Koninklijke Philips by 50.9% in the 4th quarter. Vise Technologies Inc. now owns 14,224 shares of the technology company’s stock valued at $360,000 after purchasing an additional 4,795 shares during the last quarter. Vident Advisory LLC lifted its stake in Koninklijke Philips by 6.4% in the 4th quarter. Vident Advisory LLC now owns 36,788 shares of the technology company’s stock valued at $932,000 after purchasing an additional 2,210 shares during the last quarter. Finally, Strive Asset Management LLC bought a new position in Koninklijke Philips in the 4th quarter valued at approximately $401,000. Institutional investors own 13.67% of the company’s stock.

Koninklijke Philips Company Profile

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.