PHG Stock Recent News

Investors with an interest in Medical - Products stocks have likely encountered both Royal Philips (PHG) and ResMed (RMD). But which of these two stocks offers value investors a better bang for their buck right now?

Philips has transformed into a healthcare technology company but faces challenges from a massive respirator recall impacting reputation, sales, and stock valuation. Despite past struggles, Philips is integrating AI into products to enhance diagnostics and productivity, aiming for 5% revenue growth and 18% margins by 2026. The stock is discounted at 10x P/cash earnings, offering potential upside with a 2025 price target of $36 and a 2026 target of $39.

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BARCELONA, Spain--(BUSINESS WIRE)-- #InfiniteIngenuity--OMNIVISION, a leading global developer of semiconductor solutions, including advanced digital imaging, analog and touch & display technology, and Philips, a global technology company focused on improving people's health and well-being through meaningful innovation in healthcare and consumer lifestyle, today announced they will jointly demonstrate a prototype of the world's first in-cabin connected well-being monitoring solution at AutoSens Europe, taking p.

October 7, 2024 Jakarta, Indonesia and Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Siloam Hospitals Group, Indonesia's leading private healthcare provider, have signed a Memorandum of Understanding (MoU) to advance AI capabilities and development in the healthcare sector in Indonesia. The strategic collaboration, in partnership with the Universitas Pelita Harapan (UPH) Medical Sciences Group, will focus on capacity building, knowledge sharing, and implementing advanced AI solutions.

October 3, 2024 Philips helps healthcare organizations worldwide assess and mitigate their environmental impact while enabling better care and better care outcomes for more patients at lower cost Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced significant greenhouse gas (GHG) emissions reduction results following collaboration with customers worldwide to assess and mitigate their carbon footprints, while also enhancing patient care and customer operational efficiency. Key achievements include: Jackson Health System (US): A 47% projected reduction in CO2e emissions by replacing legacy patient monitors, comprising 508-tons equipment lifecycle CO2e reduction and 177 tonnes CO2e reduction due to battery and paper savings.

Series of ads encourage people to make the Sonicare Switch and upgrade from a manual toothbrush to a power toothbrush from Philips Sonicare CAMBRIDGE, Mass. , Oct. 1, 2024 /PRNewswire/ --  Royal Philips  (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced a partnership with actor and comedian Kate McKinnon on behalf of Philips Sonicare, the number one dental professional recommended sonic toothbrush worldwide.

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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.