Stock Rating Downgrade
The Value Trend Rating for Koninklijke Philips NV (NYSE: PHG) weakened of late from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Koninklijke Philips NV (NYSE: PHG) stock closed at $26.76 on 5/1/24 after a modest gain of 0.8%. Moreover, trading volume in this advance was above average at 128% of normal. The stock has risen 27.4% during the last week and has performed in line with the market over the last nine months.
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 D (Negative). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Koninklijke Philips has a neutral Power Rating of 43 and a slightly negative Appreciation Score of 34, resulting in the Negative Value Trend Rating.
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