Koninklijke Philips (PHG) Upgraded to “Buy” by ValuEngine

ValuEngine upgraded shares of Koninklijke Philips (NYSE:PHG) from a hold rating to a buy rating in a report published on Saturday, April 7th.

Other research analysts have also recently issued research reports about the stock. Berenberg Bank upgraded shares of Koninklijke Philips from a hold rating to a buy rating in a report on Monday, February 12th. Zacks Investment Research upgraded shares of Koninklijke Philips from a hold rating to a buy rating and set a $44.00 target price for the company in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. Koninklijke Philips currently has an average rating of Hold and an average price target of $40.50.

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NYSE PHG opened at $39.88 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.34. Koninklijke Philips has a 52 week low of $31.77 and a 52 week high of $42.35. The company has a market cap of $36,556.76, a price-to-earnings ratio of 29.90, a PEG ratio of 2.09 and a beta of 1.28.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Tuesday, January 30th. The technology company reported $0.59 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.59. Koninklijke Philips had a net margin of 8.68% and a return on equity of 6.93%. The business had revenue of $5.30 billion during the quarter, compared to analysts’ expectations of $5.42 billion. During the same quarter in the prior year, the business posted $0.67 EPS. The company’s revenue for the quarter was down 26.8% on a year-over-year basis. research analysts expect that Koninklijke Philips will post 2.1 EPS for the current fiscal year.

The business also recently announced an annual dividend, which will be paid on Wednesday, June 6th. Stockholders of record on Tuesday, May 8th will be issued a $0.9917 dividend. This is a boost from Koninklijke Philips’s previous annual dividend of $0.86. The ex-dividend date is Monday, May 7th. This represents a dividend yield of 2.43%. Koninklijke Philips’s dividend payout ratio is presently 58.87%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership raised its position in Koninklijke Philips by 19.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,362,424 shares of the technology company’s stock valued at $164,900,000 after purchasing an additional 696,075 shares during the last quarter. Wells Fargo & Company MN raised its position in Koninklijke Philips by 1.5% in the 4th quarter. Wells Fargo & Company MN now owns 1,373,562 shares of the technology company’s stock valued at $51,921,000 after purchasing an additional 20,942 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Koninklijke Philips by 8.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,210,017 shares of the technology company’s stock valued at $49,853,000 after purchasing an additional 91,559 shares during the last quarter. Renaissance Technologies LLC raised its position in Koninklijke Philips by 283.3% in the 4th quarter. Renaissance Technologies LLC now owns 1,085,178 shares of the technology company’s stock valued at $41,020,000 after purchasing an additional 802,100 shares during the last quarter. Finally, MD Sass Investors Services Inc. raised its position in Koninklijke Philips by 124.2% in the 4th quarter. MD Sass Investors Services Inc. now owns 1,004,555 shares of the technology company’s stock valued at $37,974,000 after purchasing an additional 556,440 shares during the last quarter. Hedge funds and other institutional investors own 6.77% of the company’s stock.

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Koninklijke Philips Company Profile

Koninklijke Philips N.V. is the Netherlands-based health technology company. The Company’s segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, HealthTech Other and Legacy Items. The Personal Health businesses segment is engaged in the health continuum, delivering integrated, connected solutions that support healthier lifestyles and those living with chronic disease.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Koninklijke Philips (NYSE:PHG)

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