BNP Paribas Upgrades Koninklijke Philips (NYSE:PHG) to Outperform

Koninklijke Philips (NYSE:PHG) was upgraded by stock analysts at BNP Paribas from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, Marketbeat reports.

Several other research firms have also issued reports on PHG. StockNews.com upgraded shares of Koninklijke Philips from a “hold” rating to a “buy” rating in a research report on Thursday, February 20th. UBS Group upgraded shares of Koninklijke Philips from a “neutral” rating to a “buy” rating in a research report on Thursday, February 20th. Finally, Jefferies Financial Group upgraded shares of Koninklijke Philips from an “underperform” rating to a “hold” rating in a research report on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Koninklijke Philips Stock Performance

NYSE:PHG opened at $26.01 on Tuesday. Koninklijke Philips has a 1 year low of $19.75 and a 1 year high of $32.91. The firm’s fifty day simple moving average is $26.25 and its 200 day simple moving average is $28.11. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $24.44 billion, a PE ratio of -30.96, a PEG ratio of 0.82 and a beta of 0.77.

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

Hedge Funds Weigh In On Koninklijke Philips

A number of institutional investors have recently modified their holdings of PHG. Colonial Trust Co SC raised its stake in shares of Koninklijke Philips by 724.0% in the fourth quarter. Colonial Trust Co SC now owns 1,409 shares of the technology company’s stock worth $36,000 after acquiring an additional 1,238 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Koninklijke Philips in the third quarter worth about $54,000. Farther Finance Advisors LLC grew its position in shares of Koninklijke Philips by 37.1% during 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 period. Whipplewood Advisors LLC acquired a new stake in shares of Koninklijke Philips during the 4th quarter worth approximately $55,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Koninklijke Philips during the 4th quarter worth approximately $60,000. 13.67% of the stock is owned by institutional investors.

About Koninklijke Philips

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.