Is Koninklijke Philips NV NY Reg (NYSE:PHG) Stock Overbought?


Koninklijke Philips N.V. NY Reg shares had a trading volume of 886K by the end of trading on Tuesday.

Koninklijke Philips N.V., launched on November 14, 2000, is a health technology company. Kepler Capital Markets set a €36.00 ($42.86) target price on shares of Koninklijke Philips NV and gave the stock a "buy" rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company's stock. For every buyer, there needs to be someone who sold them the shares they bought, just as there must be a buyer in order for a seller to get rid of his or her shares. (NYSE:PHG) opened at 40.49 on Tuesday. The stock has advanced 46.61% to a low over the previous one year and showed rising move 1.71% to a high over the same period.

Company chares are trading at $41.40 a tad higher than $38.02, the stock's 50 day moving average and impressively higher than the 200 day moving average of $35.07. BidaskClub cut shares of Koninklijke Philips N.V. from a "strong-buy" rating to a "buy" rating in a research note on Monday, July 24th. Koninklijke Philips N.V. Firsthand Capital Management Inc. raised its stake in Koninklijke Philips 3.4% in the second quarter. (NYSE:PHG) last announced its quarterly earnings results on Monday, July 24th. The dividend was $0.215 per share for the quarter which is $0.86 annualized. The company had revenue of $4.29 billion during the quarter, compared to analysts' expectations of $4.38 billion. The company's quarterly revenue was up 3.9% compared to the same quarter past year.

The company also recently declared a dividend that was paid on Wednesday June 14th, 2017. Koninklijke Philips N.V.'s dividend payout ratio (DPR) is presently 43.86%. This buyback authorization permits the technology company to reacquire up to 4.5% of its stock through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

TRADEMARK VIOLATION WARNING: "Koninklijke Philips NV (AMS:PHIA) PT Set at €37.00 by J P Morgan Chase & Co" was first posted by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this story on another website, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws. The original version of this article can be read at YorkBridge Wealth Partners LLC acquired a new stake in shares of Koninklijke Philips N.V. during the 1st quarter worth about $122,000. Koninklijke Philips N.V. earned a news sentiment score of 0.08 on Accern's scale. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Koninklijke Philips 47.9% during the 1st quarter. 916,529 shares of the company were exchanged. The value of the company's investment in Koninklijke Philips N.V. NY Reg went from $1,933,000 to $2,140,000 a change of 10.7% quarter to quarter. The Business's segments include Personal Health businesses, Diagnosis & Treatment businesses, Connected Care & Health Informatics businesses, and Lighting.



Related Posts

Deutsche X-trackers MSCI Euro Hi Dv Yld Hdg Eq ETF (HDEZ) Rank Correlation Gaining Momentum
Traders may also be paying close attention to RSI levels on shares of Deutsche X-trackers MSCI EAFE Hi Dv Yld Hdg Eq ETF (HDEF). The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending.

More rain, thunder, lighting to hit Northern California
Scattered showers and lighting stalled the start of the Giants game at San Francisco's AT&T Park for almost three hours Monday. Storms are forecast to bring brief bursts of rain, risky cloud-to-ground lightning, elevated wildfire risks, and gusty winds.

More Mainers in flood-hazard zones going without insurance policies
Those who suffered wind damage, will make claims under their homeowners insurance which comes from private companies. Last week, Congress gave the flood program a three month lifeline to allow it to process and payout new claims.

US Producer Prices Rose 0.2% in August
The increase followed a 0.1 per cent drop in the prior month, and was the largest since a gain of 0.5 per cent in April. Inflation is being closely watched for clues on the timing of the next interest rate increase from the Federal Reserve.

Live Nation Entertainment, Inc. (LYV) — Recommendation Trends
Jefferies reiterated a "buy" recommendation on stocks of Live Nation Entertainment in a study report on early Mon, May 15th. It increased, as 26 investors sold LYV shares while 75 reduced holdings. 45 funds opened positions while 96 raised stakes.

Irma weakens, but remains lethal as it sweeps past Florida
Her building manager told her about flooding there, but further updates were hard to come by because of limited phone service. Florida Power & Light, the state's major electricity provider, says it has almost 20,000 workers deployed around the state.

Moon Discusses N. Korea Issue with Leaders of France, Australia
President Moon Jae-in said Monday he aims to realize "income-led" economic growth that spreads its benefits across all sectors. He also promised to actively cooperate in ongoing discussions at the UN Security Council to punish the North.

Irma: Five dead at Florida nursing home left without power
Florida Light and Power has been called for several days to fix the issue, but crews have not yet been able to come to the sight. The incident happened at the Rehabilitation Center at Hollywood Hills at 1200 N. 35th Avenue, Hollywood Police officials said.

Ko eager to impress at Evian Championship
The 27-year-old has won twice on the circuit this season and is more than justifying her place atop the rankings. Women's Open course, the Evian Championship course is the hardest", Park said after her victory in Bedminster.

Mercedes-Benz Concept EQA
Maximum range is estimated at 400 km (249 miles) while charging is a matter of options: induction or wallbox. Inductive charging and wall box units for homes would also be available should the EQA see production.

© 2015 ExpressNewsline. All Rights reserved.