Buying Koninklijke Philips N.V. (PHG) Stock Is A Smart Move Today?

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Koninklijke Philips N.V. (NYSE:PHG) finished Wednesday with a subtraction of -$0.76 to close at $16.84, a downside of -4.32 percent. An average of 3,124,920 shares of common stock have been traded in the last five days. There was a fall of -$0.46 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 2,636,780 shares traded, while the 50-day average volume stands at 2,168,666.

PHG stock has decreased by -5.50% in the last month. The company shares reached their 1-month lowest point of $16.13 on 09/02/22. With the stock rallying to its 52-week high on 01/11/22, shares of the company touched a low of $16.13 and a high of $48.31 in 52 weeks. It has reached a new high 3 times so far this year and lost -54.30% or -$20.01 in price. In spite of this, the price is down -65.14% from the 52-week high.


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Valuation Metrics

Koninklijke Philips N.V. (PHG) has a trailing price-to-earnings (P/E) ratio of 38.89. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.86, the price-to-book (PB) ratio at 1.01, and the price-to-cash flow ratio at 4.66.

The company has a payout ratio of 28.10%. The company’s most recent quarterly dividend payment was $0.9641 a share, representing a down of -6.68% from $1.0331 last year. Its latest decrease dividend $0.0690 reported on Tuesday January 25 2022.

Financial Health

The quick ratio of Koninklijke Philips N.V. for the three months ended December 30 was 0.70, and the current ratio was 1.20, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.46 and a total debt to equity ratio of 0.54 for the quarter ending December 30. Koninklijke Philips N.V.’s EBITDA margin for the year ending December 30 is 10.79%, while its operating margin for the same period stands at 2.00%. Its gross profit as reported stood at $8.48 billion compared to revenue of $20.3 billion.

Earnings Surprise

For the three-month period that ended December 30, Koninklijke Philips N.V. had $202.72 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $3.72 billion in the quarter, while revenues were grew 64.24%. The analyst consensus anticipated Koninklijke Philips N.V.’s latest quarter earnings to come in at $1.37 per share, but it turned out to be $0.65, a -52.60% surprise. For the quarter, EBITDA amounted to $11.71 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Koninklijke Philips N.V. (PHG) price momentum. RSI 9-day as of the close on 21 September was 37.63%, suggesting the stock is Neutral, with historical volatility in this time frame at 43.57%.

As of today, PHG’s price is $17.64 -2.66% or -$0.46 from its 5-day moving average. PHG is currently trading -5.34% lower than its 20-day SMA and -35.18% lower than its 100-day SMA. However, the stock’s current price level is -18.96% below the SMA50 and -50.44% below the SMA200.

The stochastic %K and %D were 57.85% and 68.46%, respectively, and the average true range (ATR) was 0.63. With the 14-day stochastic at 29.34% and the average true range at 0.61, the RSI (14) stands at 38.58%. The stock has reached -0.20 on the 9-day MACD Oscillator while the 14-day reading was at 0.09.

Analyst Ratings

Societe Generale upgraded Koninklijke Philips N.V. (NYSE: PHG) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Hold.

What is PHG’s price target for the next 12 months?

Analysts predict a range of price targets between $16.45 and $40.87, with a median target of $21.46. Taking a look at these predictions, the average price target given by analysts for Koninklijke Philips N.V. (PHG) stock is $24.81.

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