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 N.V.by 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 https://stocknewstimes.com/2017/09/13/koninklijke-philips-n-v-phg-upgraded-to-strong-buy-by-zacks-investment-research.html. 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 N.V.by 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.