Weiss Ratings Reiterates Hold (C+) Rating for PHINIA (NYSE:PHIN)

Key Points

• Weiss Ratings has reaffirmed a "Hold (C+)" rating for PHINIA (NYSE:PHIN), indicating cautious investor sentiment.
• Analysts from Morgan Stanley, UBS Group, and Bank of America have raised their price targets on PHINIA, suggesting an average target price of $55.83.
• PHINIA reported strong quarterly earnings of $1.27 EPS, exceeding analyst expectations and showing a revenue increase of 2.5% year-over-year.

PHINIA (NYSE:PHIN - Get Free Report)'s stock had its "hold (c+)" rating reaffirmed by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

PHIN has been the topic of several other reports. Morgan Stanley increased their price objective on PHINIA from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Tuesday, August 12th. UBS Group increased their price objective on PHINIA from $55.00 to $62.00 and gave the company a "neutral" rating in a research report on Monday. Bank of America increased their price objective on PHINIA from $60.00 to $64.00 and gave the company a "buy" rating in a research report on Wednesday, September 10th. Finally, Wall Street Zen raised PHINIA from a "hold" rating to a "strong-buy" rating in a research report on Saturday, July 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, PHINIA has a consensus rating of "Moderate Buy" and an average target price of $55.83.

PHINIA Trading Down 1.1%

PHINIA stock opened at $53.59 on Wednesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.86 and a quick ratio of 1.36. PHINIA has a one year low of $36.25 and a one year high of $59.88. The stock has a market capitalization of $2.08 billion, a PE ratio of 20.69, a price-to-earnings-growth ratio of 0.48 and a beta of 1.48. The business's fifty day moving average is $56.36 and its 200 day moving average is $48.16.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PHIN. Wealth Enhancement Advisory Services LLC raised its stake in shares of PHINIA by 16.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 10,550 shares of the company's stock worth $508,000 after buying an additional 1,511 shares during the period. GAMMA Investing LLC raised its stake in shares of PHINIA by 3,302.7% in the first quarter. GAMMA Investing LLC now owns 52,062 shares of the company's stock worth $2,209,000 after buying an additional 50,532 shares during the period. SG Americas Securities LLC bought a new position in shares of PHINIA in the first quarter worth about $357,000. CX Institutional bought a new position in shares of PHINIA in the first quarter worth about $31,000. Finally, SummerHaven Investment Management LLC raised its stake in shares of PHINIA by 1.5% in the first quarter. SummerHaven Investment Management LLC now owns 18,935 shares of the company's stock worth $803,000 after buying an additional 282 shares during the period. 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.

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