PHINIA (NYSE:PHIN) Stock Rating Upgraded by Wall Street Zen

PHINIA (NYSE:PHIN) was upgraded by equities researchers at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Sunday.

Several other research analysts have also recently weighed in on PHIN. Northland Securities set a $93.00 price objective on PHINIA in a research report on Friday, February 13th. Zacks Research upgraded PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. UBS Group restated a “neutral” rating and set a $76.00 price target on shares of PHINIA in a research report on Friday, February 13th. Weiss Ratings restated a “hold (c)” rating on shares of PHINIA in a report on Monday, December 29th. Finally, BNP Paribas Exane raised shares of PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.33.

PHINIA Stock Up 1.0%

PHINIA stock opened at $76.06 on Friday. PHINIA has a fifty-two week low of $36.25 and a fifty-two week high of $78.90. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.36 and a current ratio of 1.86. The firm’s 50-day simple moving average is $68.17 and its 200 day simple moving average is $59.83. The stock has a market cap of $2.88 billion, a PE ratio of 23.40 and a beta of 1.37.

PHINIA (NYSE:PHIN) last posted its earnings results on Thursday, February 12th. The company reported $1.18 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.17). PHINIA had a return on equity of 12.56% and a net margin of 3.73%.The firm had revenue of $889.00 million for the quarter, compared to the consensus estimate of $843.59 million. During the same period in the prior year, the business earned $0.71 EPS. PHINIA’s quarterly revenue was up 6.7% compared to the same quarter last year. Research analysts predict that PHINIA will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On PHINIA

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of PHINIA by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 4,510,133 shares of the company’s stock valued at $282,740,000 after purchasing an additional 44,599 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of PHINIA by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,301,996 shares of the company’s stock worth $144,314,000 after buying an additional 45,214 shares in the last quarter. Voss Capital LP lifted its holdings in shares of PHINIA by 10.8% in the second quarter. Voss Capital LP now owns 2,290,000 shares of the company’s stock worth $101,882,000 after buying an additional 222,658 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of PHINIA by 4.7% in the third quarter. American Century Companies Inc. now owns 1,641,916 shares of the company’s stock worth $94,377,000 after buying an additional 74,430 shares in the last quarter. Finally, LSV Asset Management boosted its position in shares of PHINIA by 13.8% in the third quarter. LSV Asset Management now owns 1,364,534 shares of the company’s stock valued at $78,433,000 after acquiring an additional 165,316 shares during the period. Hedge funds and other institutional investors own 90.94% of the company’s stock.

PHINIA Company Profile

PHINIA Inc engages in the development, design, and manufacture of integrated components and systems that optimize performance, increase efficiency, and reduce emissions in combustion and hybrid propulsion for commercial and light vehicles, and industrial applications. The company operates through Fuel Systems and Aftermarket segments. The Fuel Systems segment provides advanced fuel injection systems, including pumps, injectors, fuel rail assemblies, and engine control modules; fuel delivery modules; canisters; sensors; and electronic control modules.