BNP Paribas Exane Upgrades PHINIA (NYSE:PHIN) to “Outperform”

PHINIA (NYSE:PHIN) was upgraded by stock analysts at BNP Paribas Exane from a “neutral” rating to an “outperform” rating in a report released on Monday,Finviz reports. The brokerage presently has a $63.00 price objective on the stock. BNP Paribas Exane’s price target points to a potential upside of 21.29% from the company’s current price.

A number of other analysts have also recently weighed in on PHIN. Morgan Stanley raised their price target on shares of PHINIA from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Tuesday, August 12th. Zacks Research cut shares of PHINIA from a “strong-buy” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings restated a “hold (c+)” rating on shares of PHINIA in a report on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of PHINIA in a report on Tuesday, October 14th. Finally, Bank of America lifted their target price on shares of PHINIA from $60.00 to $64.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, PHINIA has a consensus rating of “Moderate Buy” and an average price target of $56.43.

PHINIA Stock Up 0.1%

NYSE:PHIN opened at $51.94 on Monday. PHINIA has a fifty-two week low of $36.25 and a fifty-two week high of $59.88. The stock has a market capitalization of $2.00 billion, a P/E ratio of 23.40, a P/E/G ratio of 0.49 and a beta of 1.48. 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 company’s 50-day simple moving average is $56.24 and its 200-day simple moving average is $49.75.

PHINIA (NYSE:PHIN) last released its quarterly earnings results on Tuesday, October 28th. The company reported $1.59 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.42. PHINIA had a net margin of 2.63% and a return on equity of 11.64%. The business had revenue of $908.00 million for the quarter, compared to analysts’ expectations of $861.57 million. During the same period last year, the business earned $1.17 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. PHINIA has set its FY 2025 guidance at EPS. On average, equities analysts anticipate that PHINIA will post 4.21 earnings per share for the current fiscal year.

Hedge Funds Weigh In On PHINIA

A number of institutional investors have recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC raised its position in PHINIA by 7.3% during the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 8,541 shares of the company’s stock worth $495,000 after buying an additional 581 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in PHINIA by 736.6% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 35,170 shares of the company’s stock worth $2,022,000 after buying an additional 30,966 shares during the last quarter. Teacher Retirement System of Texas raised its position in PHINIA by 92.2% during the 3rd quarter. Teacher Retirement System of Texas now owns 416,328 shares of the company’s stock worth $23,931,000 after buying an additional 199,756 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH raised its position in PHINIA by 76.5% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 122,151 shares of the company’s stock worth $7,021,000 after buying an additional 52,957 shares during the last quarter. Finally, Quent Capital LLC purchased a new position in PHINIA during the 3rd quarter worth approximately $177,000. 90.94% of the stock is 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.