PHINIA Inc. (NYSE:PHIN) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• PHINIA Inc. has received an average recommendation of "Moderate Buy" from analysts, with three analysts recommending a hold, three a buy, and one a strong buy.
• Institutional investors now own 90.94% of PHINIA's stock, with notable recent acquisitions by firms such as CX Institutional and Brooklyn Investment Group.
• PHINIA reported a $1.27 earnings per share for the last quarter, surpassing the expected $0.99, alongside revenue of $890 million, above the forecasted $836.51 million.

Shares of PHINIA Inc. (NYSE:PHIN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $53.1667.

PHIN has been the topic of several analyst reports. Morgan Stanley increased their target price on shares of PHINIA from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Tuesday, August 12th. Wall Street Zen upgraded shares of PHINIA from a "hold" rating to a "strong-buy" rating in a report on Saturday, July 26th. UBS Group reiterated a "neutral" rating and issued a $55.00 target price (up from $52.00) on shares of PHINIA in a report on Friday, July 25th. Finally, Bank of America increased their target price on shares of PHINIA from $53.00 to $55.00 and gave the stock a "buy" rating in a report on Thursday, May 15th.

Institutional Investors Weigh In On PHINIA

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CX Institutional acquired a new stake in shares of PHINIA during the first quarter worth $31,000. EMC Capital Management acquired a new stake in shares of PHINIA during the second quarter worth $39,000. TD Waterhouse Canada Inc. raised its holdings in shares of PHINIA by 350.0% during the second quarter. TD Waterhouse Canada Inc. now owns 900 shares of the company's stock worth $42,000 after acquiring an additional 700 shares during the period. State of Wyoming acquired a new stake in shares of PHINIA during the second quarter worth $60,000. Finally, Brooklyn Investment Group raised its holdings in shares of PHINIA by 853.0% during the first quarter. Brooklyn Investment Group now owns 1,582 shares of the company's stock worth $67,000 after acquiring an additional 1,416 shares during the period. 90.94% of the stock is currently owned by institutional investors and hedge funds.

PHINIA Trading Up 0.0%

Shares of NYSE PHIN opened at $58.54 on Friday. The company's 50 day simple moving average is $52.33 and its 200 day simple moving average is $46.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.36. The firm has a market capitalization of $2.28 billion, a P/E ratio of 22.60, a P/E/G ratio of 0.52 and a beta of 1.53. PHINIA has a fifty-two week low of $36.25 and a fifty-two week high of $59.60.

PHINIA (NYSE:PHIN - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.28. The company had revenue of $890.00 million for the quarter, compared to analyst estimates of $836.51 million. PHINIA had a net margin of 3.22% and a return on equity of 10.74%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.88 earnings per share. PHINIA has set its FY 2025 guidance at EPS. On average, analysts predict that PHINIA will post 4.21 EPS for the current year.

PHINIA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 12th. Investors of record on Friday, August 22nd will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Friday, August 22nd. PHINIA's dividend payout ratio (DPR) is presently 41.70%.

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.

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