PHINIA (NYSE:PHIN) Downgraded by Freedom Capital to “Hold”

PHINIA (NYSE:PHIN) was downgraded by analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday,Zacks.com reports.

A number of other research firms also recently commented on PHIN. Wall Street Zen upgraded shares of PHINIA from a “buy” rating to a “strong-buy” rating in a research note on Sunday, February 22nd. Zacks Research upgraded shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Northland Securities set a $93.00 price target on PHINIA in a research note on Friday, February 13th. UBS Group reissued a “neutral” rating and issued a $76.00 price objective on shares of PHINIA in a report on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of PHINIA in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $66.33.

PHINIA Price Performance

PHIN stock opened at $72.54 on Thursday. The stock’s 50 day moving average is $69.86 and its two-hundred day moving average is $60.62. PHINIA has a 52-week low of $36.25 and a 52-week high of $81.11. The company has a market capitalization of $2.75 billion, a PE ratio of 22.32 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.

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

Institutional Trading of PHINIA

Hedge funds have recently bought and sold shares of the company. Larson Financial Group LLC increased its stake in shares of PHINIA by 151.5% in 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 PHINIA in the 2nd quarter worth approximately $39,000. TD Waterhouse Canada Inc. grew its holdings in PHINIA by 350.0% in the 2nd 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. Federation des caisses Desjardins du Quebec increased its position in PHINIA by 2,500.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 780 shares of the company’s stock valued at $49,000 after acquiring an additional 750 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in PHINIA by 34.4% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 868 shares of the company’s stock valued at $50,000 after acquiring an additional 222 shares in the last quarter. 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. 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.