PHINIA (NYSE:PHIN) Upgraded to “Strong-Buy” at BNP Paribas

PHINIA (NYSE:PHIN) was upgraded by analysts at BNP Paribas from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

PHIN has been the topic of a number of other research reports. Citigroup reissued a “neutral” rating on shares of PHINIA in a research report on Tuesday, October 14th. Morgan Stanley boosted their price target on PHINIA from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Tuesday, August 12th. Zacks Research downgraded PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. UBS Group decreased their target price on PHINIA from $62.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 29th. Finally, Bank of America upped their target price on PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $56.43.

PHINIA Price Performance

NYSE:PHIN opened at $52.64 on Monday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.25 and a current ratio of 1.72. The stock’s 50-day simple moving average is $56.11 and its 200 day simple moving average is $49.83. The company has a market cap of $2.02 billion, a P/E ratio of 23.71, a P/E/G ratio of 0.49 and a beta of 1.46. PHINIA has a 52-week low of $36.25 and a 52-week high of $59.88.

PHINIA (NYSE:PHIN) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.42. The firm had revenue of $908.00 million for the quarter, compared to the consensus estimate of $861.57 million. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.17 earnings per share. PHINIA has set its FY 2025 guidance at EPS. As a group, sell-side analysts forecast that PHINIA will post 4.21 EPS for the current fiscal year.

Institutional Investors Weigh In On PHINIA

Several institutional investors and hedge funds have recently added to or reduced their stakes in PHIN. EMC Capital Management acquired a new position in shares of PHINIA during the second quarter worth $39,000. TD Waterhouse Canada Inc. increased its holdings in shares of PHINIA by 350.0% during the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock worth $42,000 after buying an additional 700 shares in the last quarter. State of Wyoming acquired a new position in shares of PHINIA during the second quarter worth $60,000. CWM LLC increased its holdings in shares of PHINIA by 76.8% during the third quarter. CWM LLC now owns 1,448 shares of the company’s stock worth $83,000 after buying an additional 629 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in PHINIA by 853.0% in the first quarter. Brooklyn Investment Group now owns 1,582 shares of the company’s stock valued at $67,000 after purchasing an additional 1,416 shares during the period. 90.94% of the stock is currently owned by institutional investors.

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.