Wall Street Zen Upgrades PHINIA (NYSE:PHIN) to Strong-Buy

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 to clients and investors on Sunday.

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

PHINIA Price Performance

Shares of PHINIA stock opened at $76.73 on Friday. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 23.61 and a beta of 1.37. The company has a quick ratio of 1.36, a current ratio of 1.86 and a debt-to-equity ratio of 0.61. The stock’s 50-day simple moving average is $68.55 and its 200-day simple moving average is $60.07. PHINIA has a 52 week low of $36.25 and a 52 week high of $78.90.

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

Institutional Trading of PHINIA

Several hedge funds have recently made changes to their positions in the business. Larson Financial Group LLC raised its position in PHINIA by 151.5% during the fourth quarter. Larson Financial Group LLC now owns 425 shares of the company’s stock valued at $27,000 after purchasing an additional 256 shares during the period. EMC Capital Management bought a new position in shares of PHINIA during the 2nd quarter valued at approximately $39,000. TD Waterhouse Canada Inc. increased its position in shares of PHINIA by 350.0% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock valued at $42,000 after purchasing an additional 700 shares during the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in PHINIA by 2,500.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after buying an additional 750 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in PHINIA by 34.4% in the third quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock worth $50,000 after buying an additional 222 shares during the last quarter. 90.94% of the stock is currently owned by hedge funds and other 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. 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.