Brokerages Set Koninklijke Philips (NYSE:PHG) Target Price at $39.00

Koninklijke Philips (NYSE:PHG) has received a consensus recommendation of “Buy” from the fourteen research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.00.

A number of research analysts have issued reports on PHG shares. Morgan Stanley reissued an “overweight” rating on shares of Koninklijke Philips in a research note on Wednesday, August 4th. HSBC downgraded Koninklijke Philips from a “buy” rating to a “hold” rating in a research report on Monday, June 21st. TheStreet lowered Koninklijke Philips from a “b” rating to a “c+” rating in a report on Wednesday, July 7th. ING Group upgraded Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Tuesday, August 31st. Finally, Oddo Bhf raised Koninklijke Philips from a “neutral” rating to an “outperform” rating in a report on Wednesday, July 28th.

Several institutional investors have recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of Koninklijke Philips by 7,728.2% during the second quarter. American Century Companies Inc. now owns 1,264,728 shares of the technology company’s stock valued at $62,857,000 after buying an additional 1,248,572 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Koninklijke Philips by 333.1% in the second quarter. Renaissance Technologies LLC now owns 981,479 shares of the technology company’s stock worth $48,652,000 after purchasing an additional 754,853 shares in the last quarter. Capital International Investors increased its position in Koninklijke Philips by 30.7% during the second quarter. Capital International Investors now owns 2,105,353 shares of the technology company’s stock worth $105,152,000 after buying an additional 493,998 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in Koninklijke Philips by 73.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 835,977 shares of the technology company’s stock valued at $47,676,000 after buying an additional 355,382 shares in the last quarter. Finally, Morgan Stanley boosted its stake in shares of Koninklijke Philips by 29.2% during the 2nd quarter. Morgan Stanley now owns 1,123,329 shares of the technology company’s stock worth $55,829,000 after acquiring an additional 254,046 shares in the last quarter. 8.22% of the stock is currently owned by institutional investors and hedge funds.

Shares of Koninklijke Philips stock traded up $0.14 on Monday, reaching $43.85. 7,716 shares of the company were exchanged, compared to its average volume of 771,337. The firm has a market cap of $39.70 billion, a price-to-earnings ratio of 33.11, a P/E/G ratio of 1.65 and a beta of 0.80. Koninklijke Philips has a 1-year low of $42.47 and a 1-year high of $61.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.71 and a current ratio of 1.08. The company’s 50-day moving average is $45.35 and its two-hundred day moving average is $50.85.

Koninklijke Philips (NYSE:PHG) last issued its quarterly earnings data on Monday, July 26th. The technology company reported $0.17 EPS for the quarter. The firm had revenue of $4.45 billion during the quarter. Koninklijke Philips had a return on equity of 15.15% and a net margin of 5.48%. As a group, sell-side analysts forecast that Koninklijke Philips will post 2.56 earnings per share for the current year.

About Koninklijke Philips

Koninklijke Philips NV is a technology company, which engages in the healthcare, lighting, and consumer well-being markets. It operates through the following segments: Personal Health, Diagnosis & Treatment, Connected Care & Health Informatics, and Other. The Personal Health segment focuses on healthy living and preventative care.

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Analyst Recommendations for Koninklijke Philips (NYSE:PHG)

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