PHINIA Inc. (NYSE:PHIN) Stock Has Average Price Target of $90.67

Key Points

• Analysts rate PHINIA “Moderate Buy”, with a $90.67 average 12-month price target. Six analysts covering the stock include two buys, one strong buy and three holds.
• PHINIA’s latest quarterly EPS of $1.83 beat estimates of $1.68, while revenue of $912 million fell short of the $928.21 million consensus.
• Company insiders sold 55,270 shares worth about $3.7 million over the past 90 days; insiders currently own 2.20% of the stock.

PHINIA Inc. (NYSE:PHIN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $90.67.

A number of analysts recently weighed in on PHIN shares. UBS Group increased their price objective on shares of PHINIA from $68.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday, October 30th. Zacks Research raised PHINIA from a "strong sell" rating to a "hold" rating in a research note on Tuesday, September 29th. Weiss Ratings downgraded PHINIA from a "buy (b)" rating to a "buy (b-)" rating in a report on Wednesday, September 16th. Northland Securities set a $98.00 price target on PHINIA in a research note on Friday, July 31st. Finally, Wall Street Zen cut PHINIA from a "buy" rating to a "hold" rating in a report on Saturday, October 10th.

PHINIA Price Performance

PHINIA stock opened at $69.05 on Friday. PHINIA has a 52-week low of $51.38 and a 52-week high of $86.93. The company has a quick ratio of 1.28, a current ratio of 1.70 and a debt-to-equity ratio of 0.64. The firm's fifty day moving average is $61.98 and its 200 day moving average is $71.33. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 13.92 and a beta of 1.16.

PHINIA (NYSE:PHIN - Get Free Report) last posted its quarterly earnings data on Thursday, October 29th. The company reported $1.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.15. The business had revenue of $912.00 million during the quarter, compared to analyst estimates of $928.21 million. PHINIA had a return on equity of 14.32% and a net margin of 5.22%. Sell-side analysts forecast that PHINIA will post 6.10 EPS for the current fiscal year.

Insider Activity at PHINIA

In other news, VP Christopher Gustanski sold 2,097 shares of the business's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $66.97, for a total transaction of $140,436.09. Following the sale, the vice president owned 11,301 shares in the company, valued at approximately $756,827.97. The trade was a 15.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Boyle sold 7,500 shares of the firm's stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $62.12, for a total transaction of $465,900.00. Following the completion of the transaction, the senior vice president directly owned 25,317 shares of the company's stock, valued at approximately $1,572,692.04. This represents a 22.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 55,270 shares of company stock worth $3,698,592 over the last ninety days. 2.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Nykredit A S purchased a new position in shares of PHINIA during the 2nd quarter valued at approximately $38,000. Integrated Wealth Concepts LLC purchased a new stake in PHINIA in the 2nd quarter worth $39,000. Fulcrum Asset Management LLP increased its holdings in PHINIA by 1,837.5% in the 3rd quarter. Fulcrum Asset Management LLP now owns 620 shares of the company's stock worth $37,000 after acquiring an additional 588 shares in the last quarter. C M Bidwell & Associates Ltd. purchased a new stake in PHINIA in the 2nd quarter worth $84,000. Finally, Signaturefd LLC increased its holdings in PHINIA by 29.5% in the 3rd quarter. Signaturefd LLC now owns 1,023 shares of the company's stock worth $61,000 after acquiring an additional 233 shares in the last quarter. 90.94% of the stock is currently owned by hedge funds and other institutional investors.

About PHINIA

PHINIA Inc NYSE: PHIN is a global supplier of fuel systems, electrical systems and aftermarket products for automotive, commercial vehicle and industrial applications. The company develops technologies that support the performance, efficiency and emissions management of internal-combustion engines and other propulsion systems.

Its products include fuel injectors, fuel pumps and modules, fuel-system controls, ignition components, sensors, actuators and electronic control systems. PHINIA also supplies diesel fuel systems and related technologies for commercial vehicles and off-highway equipment, as well as replacement parts, service products and solutions through its aftermarket business.

PHINIA was established as an independent public company in 2023 after being spun off from BorgWarner.

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