Koninklijke Philips (NYSE:PHG) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Koninklijke Philips (NYSE:PHG) from a hold rating to a buy rating in a research report report published on Saturday morning.

Other analysts also recently issued research reports about the company. BNP Paribas upgraded Koninklijke Philips from a “neutral” rating to an “outperform” rating in a research report on Tuesday, February 25th. UBS Group upgraded Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Koninklijke Philips Stock Up 1.9 %

PHG stock opened at $27.58 on Friday. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $25.93 billion, a PE ratio of -32.84, a PEG ratio of 0.82 and a beta of 0.78. Koninklijke Philips has a twelve month low of $19.10 and a twelve month high of $32.91. The stock has a 50-day simple moving average of $26.51 and a two-hundred day simple moving average of $27.98.

Koninklijke Philips (NYSE:PHG) last posted its earnings results on Wednesday, February 19th. The technology company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.01). The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.10 billion. Koninklijke Philips had a negative net margin of 3.88% and a positive return on equity of 10.85%. On average, equities analysts predict that Koninklijke Philips will post 1.63 EPS for the current fiscal year.

Koninklijke Philips Cuts Dividend

The company also recently announced an annual dividend, which will be paid on Friday, June 6th. Investors of record on Tuesday, May 13th will be given a $0.886 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a yield of 2.9%. Koninklijke Philips’s payout ratio is -89.29%.

Institutional Trading of Koninklijke Philips

Hedge funds have recently bought and sold shares of the company. Colonial Trust Co SC lifted its position in Koninklijke Philips by 724.0% in the 4th quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company’s stock worth $36,000 after buying an additional 1,238 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Koninklijke Philips in the 3rd quarter worth approximately $54,000. Farther Finance Advisors LLC lifted its position in Koninklijke Philips by 37.1% in the 4th quarter. Farther Finance Advisors LLC now owns 2,150 shares of the technology company’s stock worth $54,000 after buying an additional 582 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Koninklijke Philips in the 4th quarter worth approximately $55,000. Finally, Millstone Evans Group LLC bought a new stake in Koninklijke Philips in the 4th quarter worth approximately $60,000. 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.