Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Koninklijke Philips NV (NYSE: PHG) improved of late. PHG’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Koninklijke Philips NV (NYSE: PHG) stock declined slightly by -0.8%, closing at $28.77. Moreover, exceptionally high trading volume at 216% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and has risen 3.2% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, PHG is expected to continue to be an important Value Builder.
Koninklijke Philips has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Koninklijke Philips has a slightly negative Appreciation Score of 37 but a very high Power Rating of 91, resulting in the Positive Value Trend Rating.
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