Koninklijke Philips N.V. (NYSE:PHG) currently has a daily average trading volume of 575.08K but it saw 2041386 shares traded on Thursday. With a market cap of 46.25B USD, the company’s enterprise value now stands nearly at $51.62B. Stock’s current market price of $49.52 came falling about -1.84 while comparing to the previous closing price of $50.45. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.28 and as low as $29.89. In the recent trading on the day, stock has struck highest price mark of $50.23 while lowest mark touched by it was $49.28.
Taking a look at 20-day trading activity of Koninklijke Philips N.V. (PHG) gives us an average price of $51.83, while its current price level is -8.77% below from 52-week high level whereas it is 65.65% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $50.24 while that of 200 days or SMA-200 reads an average of $46.01. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.36% during that period while stretching the period over a month that increases to 1.38%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.83 which implies that the stock is in neutral territory.
Koninklijke Philips N.V. (PHG)’s stock is currently under the radar of 20 analysts who are in consensus at a 12-month price target range of between $46.47 and $68.37 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $46.47 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $68.37. Average price target assigned by them is $57.40 which highlights an upside potential of 13.73% for the stock over that period. And to attain the median price target of $57.12 assigned by those analysts, stock has to add about 13.31% of value to its current levels.
Data by FactSet Research shows that 20 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 2 are advising it as an Overweight. 13 analysts suggested the investors to Buy the stock while 4 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Strong Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Societe Generale which initiated the stock as “Buy” in its note to investors issued on July 28, 2020, recommending a price target of for it. Berenberg issued its recommendations for the stock as it upgraded the price target for the stock is .
Over the week, PHG’s stock price is moving -3.56% down while it is -8.52% when we observe its performance for the past one month. Year-to-date it is 3.53% up and over the past year, the stock is showing an upside performance of 8.42%.
The company is expected to be releasing its next quarterly report in 10/19/2020, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Koninklijke Philips N.V.’s total number of outstanding shares is 906.87M with 0.00% of that held by the insiders while 5.61% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 7.30% and return on equity (ROE) at 8.40%. It has a price to earnings ratio (P/E ratio) of 38.09 while having a 22.87 of forward P/E ratio. Stock’s beta reads 1.01. Stock has a price to book (P/B) ratio of 3.46 while price to sale or P/S ratio amounts to 2.03.
A filing at the U.S. Securities and Exchange Commission revealed that FMI Large Cap Fund came shrinking its share ownership by -2.00% in the Koninklijke Philips N.V. (PHG) decreasing its stake to 0.27% with control over 50000.0 shares in the company. As per SEC documents, FMI Large Cap Fund sought 2,450,000 of company’s common stock of worth $126.79 million as per recent closing price of the stock. FMI Large Cap Fund is not the only institutional holder which restructured its stake in Koninklijke Philips N.V., as EQ/BlackRock Basic Value Equity P picked 833,443 shares of worth $43.13 million to bring its holdings to a total of 0.24 million shares. In the most recent quarter, BlackRock Basic Value Fund came cutting its stake by -5.18% in the company and now holds 0.62 million or 0.07% of the company’s stake having worth of about 31.99 million.