PHINIA (NYSE:PHIN) Stock Rating Upgraded by Northland Capmk

PHINIA (NYSE:PHIN) was upgraded by stock analysts at Northland Capmk to a “strong-buy” rating in a research note issued on Thursday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. UBS Group raised their target price on PHINIA from $55.00 to $57.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Northland Securities initiated coverage on shares of PHINIA in a report on Thursday. They set an “outperform” rating and a $61.00 target price on the stock.

PHINIA Trading Up 3.2 %

Shares of PHINIA stock opened at $51.55 on Thursday. PHINIA has a fifty-two week low of $29.42 and a fifty-two week high of $57.23. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.46 and a current ratio of 1.93. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 22.12 and a beta of 1.35. The stock has a 50 day moving average of $50.93 and a 200 day moving average of $48.05.

PHINIA (NYSE:PHIN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.38. The firm had revenue of $839.00 million during the quarter, compared to the consensus estimate of $829.82 million. PHINIA had a return on equity of 9.79% and a net margin of 3.10%. The company’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period last year, the company earned $0.53 EPS. As a group, research analysts predict that PHINIA will post 3.44 earnings per share for the current year.

Institutional Trading of PHINIA

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in PHINIA during the 2nd quarter worth $49,000. GAMMA Investing LLC grew its position in shares of PHINIA by 23.9% in the third quarter. GAMMA Investing LLC now owns 1,403 shares of the company’s stock valued at $65,000 after purchasing an additional 271 shares during the last quarter. KBC Group NV grew its holdings in PHINIA by 49.4% during the 3rd quarter. KBC Group NV now owns 1,495 shares of the company’s stock valued at $69,000 after buying an additional 494 shares during the last quarter. International Assets Investment Management LLC increased its position in PHINIA by 4,502.9% during the 3rd quarter. International Assets Investment Management LLC now owns 3,222 shares of the company’s stock worth $148,000 after purchasing an additional 3,152 shares in the last quarter. Finally, Creative Planning purchased a new position in shares of PHINIA during the 3rd quarter worth $203,000. Institutional investors and hedge funds own 90.94% of the company’s stock.

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.