Koninklijke Philips (NYSE:PHG) Trading Down 8.3%

Koninklijke Philips NV (NYSE:PHG) fell 8.3% during trading on Thursday . The company traded as low as $41.32 and last traded at $41.91, 2,158,591 shares were traded during trading. An increase of 203% from the average session volume of 711,639 shares. The stock had previously closed at $45.68.

A number of research firms recently commented on PHG. JPMorgan Chase & Co. restated a “neutral” rating on shares of Koninklijke Philips in a research report on Thursday, August 29th. ValuEngine lowered Koninklijke Philips from a “hold” rating to a “sell” rating in a research report on Saturday, October 5th. Berenberg Bank restated a “buy” rating on shares of Koninklijke Philips in a research report on Monday, October 7th. Finally, Citigroup began coverage on Koninklijke Philips in a research report on Tuesday, July 30th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. Koninklijke Philips currently has an average rating of “Hold” and a consensus target price of $46.00.

The firm has a market capitalization of $38.70 billion, a P/E ratio of 20.62, a price-to-earnings-growth ratio of 1.41 and a beta of 1.26. The stock has a 50-day moving average of $46.55 and a 200 day moving average of $43.49. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.85 and a current ratio of 1.27.

Koninklijke Philips (NYSE:PHG) last released its quarterly earnings results on Monday, July 22nd. The technology company reported $0.49 EPS for the quarter. The business had revenue of $5.25 billion for the quarter. Koninklijke Philips had a return on equity of 13.79% and a net margin of 7.34%. On average, equities analysts predict that Koninklijke Philips NV will post 2.09 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in PHG. Destination Wealth Management boosted its position in Koninklijke Philips by 37.8% in the 2nd quarter. Destination Wealth Management now owns 868 shares of the technology company’s stock valued at $38,000 after buying an additional 238 shares during the last quarter. Cornerstone Advisors Inc. boosted its position in shares of Koninklijke Philips by 42.2% in the 2nd quarter. Cornerstone Advisors Inc. now owns 869 shares of the technology company’s stock worth $38,000 after purchasing an additional 258 shares during the last quarter. Lindbrook Capital LLC boosted its position in shares of Koninklijke Philips by 36.4% in the 2nd quarter. Lindbrook Capital LLC now owns 1,026 shares of the technology company’s stock worth $44,000 after purchasing an additional 274 shares during the last quarter. Trustcore Financial Services LLC bought a new position in shares of Koninklijke Philips in the 2nd quarter worth $48,000. Finally, Doyle Wealth Management bought a new position in shares of Koninklijke Philips in the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 4.22% of the company’s stock.

Koninklijke Philips Company Profile (NYSE:PHG)

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care & Health Informatics, and Personal Health segments. The company offers mother, child care, and oral healthcare products; male grooming and beauty products; food preparation and home care products; and sleep and respiratory care.

Further Reading: Price to Earnings Ratio (PE)

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