Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Koninklijke Philips (NYSE:PHG)

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Koninklijke Philips (NYSE:PHG) in a research report sent to investors on Wednesday morning, The Fly reports.

A number of other research analysts have also issued reports on PHG. Morgan Stanley reiterated an overweight rating on shares of Koninklijke Philips in a research report on Thursday, July 9th. Barclays restated an overweight rating on shares of Koninklijke Philips in a report on Wednesday, September 23rd. TheStreet upgraded Koninklijke Philips from a c rating to a b rating in a report on Friday, August 14th. UBS Group restated a buy rating on shares of Koninklijke Philips in a report on Tuesday, October 20th. Finally, JPMorgan Chase & Co. restated a neutral rating on shares of Koninklijke Philips in a report on Tuesday, October 20th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $49.00.

Shares of NYSE:PHG opened at $50.10 on Wednesday. Koninklijke Philips has a 1 year low of $30.50 and a 1 year high of $54.28. The firm has a market capitalization of $45.56 billion, a price-to-earnings ratio of 35.53, a price-to-earnings-growth ratio of 2.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.33 and a quick ratio of 0.91. The business’s 50 day moving average price is $47.22 and its 200-day moving average price is $46.86.

Several large investors have recently modified their holdings of PHG. Balentine LLC acquired a new stake in shares of Koninklijke Philips during the 2nd quarter worth about $27,000. Parallel Advisors LLC increased its position in shares of Koninklijke Philips by 36.8% during the 2nd quarter. Parallel Advisors LLC now owns 930 shares of the technology company’s stock worth $43,000 after purchasing an additional 250 shares during the last quarter. James Investment Research Inc. increased its position in shares of Koninklijke Philips by 2,120.0% during the 2nd quarter. James Investment Research Inc. now owns 1,110 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,060 shares during the last quarter. Pinnacle Bank increased its position in shares of Koninklijke Philips by 124.1% during the 3rd quarter. Pinnacle Bank now owns 1,208 shares of the technology company’s stock worth $57,000 after purchasing an additional 669 shares during the last quarter. Finally, Nachman Norwood & Parrott Inc acquired a new stake in shares of Koninklijke Philips during the 3rd quarter worth about $59,000. 7.85% of the stock is owned by hedge funds and other institutional investors.

About Koninklijke Philips

Koninklijke Philips N.V. operates as a health technology company worldwide. It operates through Diagnosis & Treatment, Connected Care, and Personal Health segments. It provides magnetic resonance imaging, computed tomography, advanced molecular imaging, and diagnostic X-ray, as well as integrated clinical solutions; interventional X-ray systems, including cardiovascular, radiology and surgery, and interventional imaging and therapy 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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