Koninklijke Philips N.V. (NYSE:PHG) is Waving the Bear Flag

Koninklijke Philips N.V. (NYSE:PHG) is Waving the Bear Flag


The Koninklijke Philips N.V. (PHG) shares are trading at lower $46.69 and the avg recommendation for the stock is Strong Buy. The current analyst price target stands at $53.85.

To add more color to this target, the company’s high over the last year is $50.78 and the low is $30.50. Over the last 52 weeks, PHG is down -8.05% while the S&P 500 is down -2.38%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, PHG reported a profit of $2.04 billion. Koninklijke Philips N.V. also saw revenues increase to $4.59 billion. In addition, PHG has free cash flow of $0.0 as of 03-2020.

PHG booked profit margins of 5.30%, its Return on Equity (ROE) is 8.50%. All told, it is clear that, PHG needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. PHG has a short ratio of 0.99 and outstanding shares of 889.30M.

Company Outlook

PHG has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.65 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.30. Investors should also keep an eye on sector updates as PHG has historically followed its peers on positive news.

All told, Koninklijke Philips N.V. PHG has strung together solid data and demonstrated underlying fundamentals. At its current valuation, PHG represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Koninklijke Philips N.V. PHG is now commanding a market cap of 41.94B and a float of 886.92M. PHG is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of PHG stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in PHG, either long or short, and we have not been compensated for this article.