Koninklijke Philips N.V. (NYSE: PHG) stock fell -4.32% on Friday to $16.84 against a previous-day closing price of $17.60. With 2.11 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.05 million shares. During the session, the Diagnostics & Research company that operates in wider Healthcare sector, reached to the highest price of $17.29 whereas the lowest price it dropped to was $16.84. The 52-week range on PHG shows that it touched its highest point at $48.31 and its lowest point at $16.13 during that stretch. It currently has a 1-year price target of $32.60. With its current market cap of 14.81 billion, PHG has annualized dividend of $0.91 while the current yield stands at 5.42%. Beta for the stock currently stands at 0.94.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PHG was down-trending over the past week, with a drop of -2.66%, but this was down by -5.50% over a month. Three-month performance dropped to -19.19% while six-month performance fell -45.71%. The stock lost -64.01% in the past year, while it has lost -54.30% so far this year. A look at the trailing 12-month EPS for PHG yields 0.43 with Next year EPS estimates of 1.64. EPS is expected to grow by 11.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.30%.
Float and Shares Shorts:
At present, 884.17 million PHG shares are outstanding with a float of 873.34 million shares on hand for trading. On Jul 14, 2022, short shares totaled 2.76 million, which was 0.31% higher than short shares on Jun 14, 2022. In addition to Mr. François Adrianus van Houten as the firm’s Chairman of Management & CEO, Dr. Paulus A. Stoffels M.D., Ph.D. serves as its Independent Vice Chairman of Supervisory Board & Sec.
Through their ownership of 14.49% of PHG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 2.39% of PHG, in contrast to 11.78% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PHG with 4.42% of the stake, T. Rowe Price Associates, Inc. holds 39,303,903 shares worth 39,303,903. A second-largest stockholder of PHG, Harris Associates LP, holds 16,990,012 shares, controlling over 1.91% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in PHG, holding 7,738,873 shares or 0.87% stake. With a 0.55% stake in PHG, the Vanguard Wellesley Income Fund is the largest stakeholder. A total of 4,904,526 shares are owned by the mutual fund manager. The FMI Large Cap Fund, which owns about 0.26% of PHG stock, is the second-largest Mutual Fund holder. It holds 2,310,000 shares valued at 38.3 million. American Century Mid Cap Value Fu holds 0.20% of the stake in PHG, owning 1,751,286 shares worth 29.04 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PHG since 15 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 8 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PHG analysts setting a high price target of $40.87 and a low target of $16.45, the average target price over the next 12 months is $24.81. Based on these targets, PHG could surge 142.7% to reach the target high and fall by -2.32% to reach the target low. Reaching the average price target will result in a growth of 47.33% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PHG will report FY 2022 earnings on 01/24/2023. Analysts have provided yearly estimates in a range of $1.66 being high and $1.05 being low. For PHG, this leads to a yearly average estimate of $1.31. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Koninklijke Philips N.V. surprised analysts by -$0.13 when it reported $0.14 EPS against a consensus estimate of $0.27. The surprise factor in the prior quarter was -$0.10. Based on analyst estimates, the high estimate for the next quarter is $0.34 and the low estimate is $0.30. The average estimate for the next quarter is thus $0.32.