Citigroup assumed coverage on shares of Koninklijke Philips (NYSE:PHG) in a research note issued to investors on Tuesday morning, Briefing.com Automated Import reports. The brokerage issued a buy rating on the technology company’s stock.
Shares of Koninklijke Philips stock traded down $0.70 on Tuesday, hitting $46.86. The stock had a trading volume of 12,113 shares, compared to its average volume of 715,321. The company has a 50 day moving average of $44.22. Koninklijke Philips has a twelve month low of $32.98 and a twelve month high of $48.28. The company has a quick ratio of 0.85, a current ratio of 1.27 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $43.60 billion, a price-to-earnings ratio of 22.87, a P/E/G ratio of 1.42 and a beta of 1.23.
Koninklijke Philips (NYSE:PHG) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.16. Koninklijke Philips had a return on equity of 13.79% and a net margin of 7.34%. The company had revenue of $4.71 billion during the quarter. On average, equities analysts anticipate that Koninklijke Philips will post 2.14 earnings per share for the current year.
About Koninklijke Philips
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.
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