PHINIA (NYSE:PHIN) Stock Rating Upgraded by BNP Paribas Exane

PHINIA (NYSE:PHIN) was upgraded by equities research analysts at BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a research note issued on Monday, MarketBeat Ratings reports. The firm presently has a $63.00 price target on the stock. BNP Paribas Exane’s price objective indicates a potential upside of 20.48% from the stock’s previous close.

PHIN has been the topic of a number of other research reports. Morgan Stanley increased their price target on PHINIA from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “hold (c+)” rating on shares of PHINIA in a research report on Wednesday, October 8th. Zacks Research lowered PHINIA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 10th. UBS Group cut their price target 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 lifted their target price on shares of PHINIA from $60.00 to $64.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $56.43.

PHINIA Price Performance

PHIN opened at $52.29 on Monday. The stock’s 50-day moving average price is $55.97 and its 200 day moving average price is $49.91. PHINIA has a 12-month low of $36.25 and a 12-month high of $59.88. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.01 billion, a price-to-earnings ratio of 23.55, a PEG ratio of 0.49 and a beta of 1.45.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in shares of PHINIA by 2.2% during the second quarter. Envestnet Asset Management Inc. now owns 9,913 shares of the company’s stock worth $441,000 after acquiring an additional 212 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of PHINIA by 1.6% during the first quarter. Nisa Investment Advisors LLC now owns 17,080 shares of the company’s stock worth $725,000 after acquiring an additional 274 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of PHINIA by 3.1% during the first quarter. OneDigital Investment Advisors LLC now owns 9,253 shares of the company’s stock worth $393,000 after acquiring an additional 279 shares during the period. California State Teachers Retirement System increased its stake in shares of PHINIA by 0.8% during the second quarter. California State Teachers Retirement System now owns 40,101 shares of the company’s stock worth $1,784,000 after acquiring an additional 327 shares during the period. Finally, SummerHaven Investment Management LLC increased its stake in shares of PHINIA by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 19,275 shares of the company’s stock worth $858,000 after acquiring an additional 340 shares during the period. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

About PHINIA

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.