PHINIA (NYSE:PHIN) Stock Rating Upgraded by Zacks Research

PHINIA (NYSE:PHIN) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other equities research analysts have also weighed in on PHIN. Wall Street Zen lowered PHINIA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 20th. Bank of America raised their price objective on shares of PHINIA from $60.00 to $64.00 and gave the stock a “buy” rating in a report on Wednesday, September 10th. Northland Securities upped their target price on shares of PHINIA from $65.00 to $79.00 and gave the company an “outperform” rating in a report on Tuesday. BNP Paribas Exane raised shares of PHINIA from a “neutral” rating to an “outperform” rating and set a $63.00 target price on the stock in a research report on Monday, November 3rd. Finally, BNP Paribas raised shares of PHINIA from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

PHINIA Price Performance

Shares of PHIN opened at $64.59 on Wednesday. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of 29.09 and a beta of 1.44. The firm’s fifty day simple moving average is $56.15 and its 200-day simple moving average is $53.98. PHINIA has a twelve month low of $36.25 and a twelve month high of $64.65. The company has a current ratio of 1.72, a quick ratio of 1.25 and a debt-to-equity ratio of 0.61.

PHINIA (NYSE:PHIN) last posted its earnings results on Tuesday, October 28th. The company reported $1.59 EPS for the quarter, beating the consensus estimate of $1.17 by $0.42. The firm had revenue of $908.00 million for the quarter, compared to analyst estimates of $861.57 million. PHINIA had a return on equity of 11.64% and a net margin of 2.63%.PHINIA’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share. Equities analysts forecast that PHINIA will post 4.21 EPS for the current fiscal year.

Insider Buying and Selling at PHINIA

In other PHINIA news, VP Samantha Pombier sold 1,940 shares of PHINIA stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $54.14, for a total value of $105,031.60. Following the completion of the sale, the vice president owned 8,869 shares in the company, valued at $480,167.66. The trade was a 17.95% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Hongyong Yang sold 893 shares of the business’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $52.43, for a total transaction of $46,819.99. The SEC filing for this sale provides additional information. Corporate insiders own 2.00% of the company’s stock.

Institutional Trading of PHINIA

Institutional investors have recently modified their holdings of the company. EMC Capital Management purchased a new position in PHINIA in the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. raised its stake in shares of PHINIA by 350.0% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company’s stock valued at $42,000 after acquiring an additional 700 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of 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. MAI Capital Management lifted its holdings in shares of PHINIA by 845.4% during the 3rd quarter. MAI Capital Management now owns 917 shares of the company’s stock valued at $53,000 after acquiring an additional 820 shares in the last quarter. Finally, State of Wyoming purchased a new stake in PHINIA during the 2nd quarter worth $60,000. Hedge funds and other institutional investors 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. 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.