PHINIA (NYSE:PHIN) Downgraded by BNP Paribas to "Neutral"

PHINIA (NYSE:PHIN - Get Free Report) was downgraded by investment analysts at BNP Paribas from an "outperform" rating to a "neutral" rating in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They currently have a $46.00 target price on the stock. BNP Paribas' price target suggests a potential upside of 13.30% from the stock's previous close.

Other analysts have also issued research reports about the company. CL King initiated coverage on PHINIA in a report on Monday, March 24th. They set a "buy" rating and a $54.00 price target for the company. Northland Securities initiated coverage on PHINIA in a research report on Thursday, January 30th. They set an "outperform" rating and a $61.00 price objective on the stock. UBS Group reaffirmed a "neutral" rating and set a $45.00 price target (down from $56.00) on shares of PHINIA in a research note on Thursday, April 10th. Bank of America began coverage on shares of PHINIA in a report on Thursday, April 10th. They issued a "buy" rating and a $53.00 price target on the stock. Finally, Northland Capmk raised shares of PHINIA to a "strong-buy" rating in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $51.50.

PHINIA Stock Performance

Shares of PHINIA stock traded down $0.21 on Wednesday, reaching $40.60. 155,791 shares of the company traded hands, compared to its average volume of 608,537. The firm has a market capitalization of $1.62 billion, a PE ratio of 23.20 and a beta of 1.56. The company has a 50 day moving average of $43.50 and a 200 day moving average of $47.73. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.90 and a quick ratio of 1.44. PHINIA has a 52 week low of $36.25 and a 52 week high of $57.23.

PHINIA (NYSE:PHIN - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The company reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $1.04 by ($0.10). The business had revenue of $796.00 million during the quarter, compared to the consensus estimate of $813.24 million. PHINIA had a return on equity of 10.12% and a net margin of 2.32%. The company's revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 earnings per share. Equities analysts forecast that PHINIA will post 4.21 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Millennium Management LLC raised its holdings in shares of PHINIA by 28.3% during the fourth quarter. Millennium Management LLC now owns 2,424,949 shares of the company's stock valued at $116,810,000 after acquiring an additional 535,222 shares during the period. First Trust Advisors LP boosted its stake in shares of PHINIA by 32.6% during the 4th quarter. First Trust Advisors LP now owns 1,866,894 shares of the company's stock worth $89,928,000 after acquiring an additional 458,650 shares in the last quarter. Voss Capital LP raised its position in shares of PHINIA by 31.8% in the fourth quarter. Voss Capital LP now owns 1,417,081 shares of the company's stock valued at $68,261,000 after purchasing an additional 342,081 shares during the period. Dimensional Fund Advisors LP lifted its position in PHINIA by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,048,051 shares of the company's stock worth $98,653,000 after acquiring an additional 253,345 shares during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in PHINIA in the 4th quarter valued at approximately $6,874,000. Institutional investors own 90.94% of the company's stock.

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.