Koninklijke Philips (NYSE:PHG) Lifted to Neutral at UBS Group

UBS Group upgraded shares of Koninklijke Philips (NYSE:PHG) from a sell rating to a neutral rating in a report published on Tuesday morning, MarketBeat Ratings reports.

A number of other brokerages have also issued reports on PHG. BNP Paribas lowered shares of Koninklijke Philips from an outperform rating to an underperform rating in a research note on Wednesday, February 7th. StockNews.com raised shares of Koninklijke Philips from a buy rating to a strong-buy rating in a research report on Thursday, February 8th. Finally, JPMorgan Chase & Co. raised shares of Koninklijke Philips from an underweight rating to a neutral rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $19.00.

Koninklijke Philips Price Performance

PHG stock opened at $26.82 on Tuesday. The stock’s 50 day moving average is $20.95 and its two-hundred day moving average is $21.12. Koninklijke Philips has a 52-week low of $17.75 and a 52-week high of $29.44. The company has a market capitalization of $24.91 billion, a PE ratio of -27.94, a P/E/G ratio of 1.39 and a beta of 0.75. The company has a quick ratio of 0.78, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Hedge Funds Weigh In On Koninklijke Philips

Several large investors have recently added to or reduced their stakes in PHG. Principal Securities Inc. bought a new stake in Koninklijke Philips during the fourth quarter valued at $27,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Koninklijke Philips in the 1st quarter valued at about $40,000. Fifth Third Bancorp grew its position in shares of Koninklijke Philips by 34.4% during the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the technology company’s stock valued at $60,000 after buying an additional 770 shares during the last quarter. Allworth Financial LP raised its stake in Koninklijke Philips by 113.3% during the third quarter. Allworth Financial LP now owns 3,242 shares of the technology company’s stock worth $65,000 after acquiring an additional 1,722 shares during the period. Finally, Spire Wealth Management lifted its holdings in Koninklijke Philips by 127.2% in the third quarter. Spire Wealth Management now owns 3,446 shares of the technology company’s stock worth $69,000 after acquiring an additional 1,929 shares during the last quarter. 13.67% of the stock is currently owned by institutional investors.

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.