Koninklijke Philips (NYSE:PHG) Receives $56.00 Consensus Target Price from Brokerages

Koninklijke Philips (NYSE:PHG) has earned a consensus recommendation of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $56.00.

Several research firms recently weighed in on PHG. Credit Suisse Group restated a “neutral” rating on shares of Koninklijke Philips in a research note on Wednesday, April 28th. Barclays reiterated an “overweight” rating on shares of Koninklijke Philips in a research note on Tuesday, March 23rd. UBS Group reiterated a “buy” rating on shares of Koninklijke Philips in a research note on Tuesday, April 27th. Berenberg Bank reiterated a “buy” rating on shares of Koninklijke Philips in a research note on Thursday, April 29th. Finally, JPMorgan Chase & Co. upgraded Koninklijke Philips from a “neutral” rating to an “overweight” rating in a research note on Thursday, March 18th.

Several institutional investors have recently added to or reduced their stakes in PHG. Cambiar Investors LLC purchased a new stake in shares of Koninklijke Philips during the fourth quarter worth approximately $57,076,000. Norges Bank purchased a new stake in shares of Koninklijke Philips during the fourth quarter worth approximately $28,770,000. Alliancebernstein L.P. raised its stake in shares of Koninklijke Philips by 20.3% during the first quarter. Alliancebernstein L.P. now owns 2,276,703 shares of the technology company’s stock worth $129,840,000 after purchasing an additional 383,794 shares during the last quarter. Arrowstreet Capital Limited Partnership grew 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 worth $47,676,000 after acquiring an additional 355,382 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Koninklijke Philips by 894.7% during the first quarter. Renaissance Technologies LLC now owns 226,626 shares of the technology company’s stock worth $12,935,000 after acquiring an additional 203,843 shares during the period. Institutional investors and hedge funds own 8.36% of the company’s stock.

PHG stock traded down $0.79 during trading on Tuesday, hitting $56.24. 4,272 shares of the company’s stock were exchanged, compared to its average volume of 550,811. The firm’s 50-day moving average price is $57.71. The firm has a market capitalization of $50.90 billion, a PE ratio of 37.16, a price-to-earnings-growth ratio of 2.08 and a beta of 0.83. Koninklijke Philips has a 52-week low of $43.98 and a 52-week high of $61.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.45 and a quick ratio of 1.06.

Koninklijke Philips (NYSE:PHG) last posted its earnings results on Monday, April 26th. The technology company reported $0.34 earnings per share for the quarter. The firm had revenue of $4.61 billion during the quarter. Koninklijke Philips had a return on equity of 18.12% and a net margin of 6.20%. On average, equities research analysts predict that Koninklijke Philips will post 2.37 EPS for the current year.

Koninklijke Philips Company Profile

Koninklijke Philips N.V. operates as a health technology company in North America, Greater China, and internationally. It operates through Diagnosis & Treatment, Connected Care, and Personal Health segments. It provides magnetic resonance imaging, computed tomography, advanced molecular imaging, diagnostic X-ray, and imaging components as well as integrated clinical solutions; integrated interventional systems, including interventional diagnostic and therapeutic devices; imaging products focused on diagnosis, treatment planning and guidance for cardiology, general imaging, obstetrics/gynecology, and point-of-care applications; proprietary software to enable diagnostics and intervention; and enterprise diagnostic informatics products and services.

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Analyst Recommendations for Koninklijke Philips (NYSE:PHG)

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