Koninklijke Philips (NYSE:PHG) Sets New 52-Week Low – Time to Sell?

Koninklijke Philips N.V. (NYSE:PHG) reached a new 52-week low on Tuesday . The stock traded as low as $24.82 and last traded at $25.0550, with a volume of 6321824 shares traded. The stock had previously closed at $26.17.

Analysts Set New Price Targets

Several research firms have recently issued reports on PHG. Wall Street Zen raised Koninklijke Philips from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Zacks Research lowered shares of Koninklijke Philips from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 15th. Finally, Weiss Ratings cut shares of Koninklijke Philips from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Three analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Koninklijke Philips Stock Performance

The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $24.63 billion, a P/E ratio of 21.47, a P/E/G ratio of 5.63 and a beta of 0.75. The business has a fifty day moving average price of $26.70 and a 200-day moving average price of $28.02.

Koninklijke Philips (NYSE:PHG) last issued its earnings results on Monday, July 27th. The technology company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.15. Koninklijke Philips had a return on equity of 13.51% and a net margin of 5.49%.The business had revenue of $4.98 billion during the quarter, compared to analyst estimates of $5 billion. During the same quarter in the previous year, the firm earned $0.27 EPS. Koninklijke Philips’s revenue was down 3.0% on a year-over-year basis. On average, sell-side analysts expect that Koninklijke Philips N.V. will post 1.87 EPS for the current year.

Institutional Trading of Koninklijke Philips

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of Koninklijke Philips by 1.3% in the first quarter. Royal Bank of Canada now owns 269,829 shares of the technology company’s stock worth $6,854,000 after buying an additional 3,540 shares during the period. AQR Capital Management LLC grew its holdings in Koninklijke Philips by 60.8% during the 1st quarter. AQR Capital Management LLC now owns 17,010 shares of the technology company’s stock valued at $432,000 after buying an additional 6,429 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Koninklijke Philips by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 846,253 shares of the technology company’s stock valued at $21,495,000 after buying an additional 12,908 shares during the last quarter. Jane Street Group LLC raised its position in shares of Koninklijke Philips by 125.8% during the first quarter. Jane Street Group LLC now owns 104,024 shares of the technology company’s stock valued at $2,642,000 after buying an additional 57,952 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Koninklijke Philips by 58.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 87,616 shares of the technology company’s stock valued at $2,101,000 after acquiring an additional 32,180 shares during the last quarter. Hedge funds and other institutional investors own 13.67% of the company’s stock.

About Koninklijke Philips

Koninklijke Philips N.V. (NYSE: PHG), commonly known as Philips, is a Dutch multinational company focused on health technology. Founded in Eindhoven in 1891, the company evolved from a diversified electronics manufacturer into a specialist in healthcare products, systems and services. Philips is legally registered in the Netherlands and operates globally, supplying equipment and solutions to hospitals, clinics, healthcare providers and consumers across Europe, the Americas and Asia.

Philips’ principal activities center on medical technologies and personal health.