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 report issued on Wednesday,Finviz reports. They currently have a $46.00 price objective on the stock. BNP Paribas' price target would suggest a potential upside of 9.65% from the company's current price.

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

PHINIA Stock Up 3.2 %

Shares of NYSE PHIN opened at $41.95 on Wednesday. The firm's fifty day moving average is $44.09 and its 200 day moving average is $47.76. PHINIA has a 52 week low of $36.25 and a 52 week high of $57.23. The company has a quick ratio of 1.44, a current ratio of 1.90 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 23.97 and a beta of 1.56.

PHINIA (NYSE:PHIN - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.71 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.80 by ($0.09). The firm had revenue of $833.00 million during the quarter, compared to analysts' expectations of $811.94 million. PHINIA had a net margin of 2.32% and a return on equity of 10.12%. On average, equities research analysts expect that PHINIA will post 4.21 earnings per share for the current year.

Institutional Trading of PHINIA

A number of hedge funds have recently made changes to their positions in the stock. Commerce Bank boosted its holdings in PHINIA by 1.7% in the fourth quarter. Commerce Bank now owns 13,696 shares of the company's stock worth $660,000 after acquiring an additional 231 shares in the last quarter. Mariner LLC raised its position in shares of PHINIA by 1.3% in the 4th quarter. Mariner LLC now owns 19,739 shares of the company's stock worth $951,000 after purchasing an additional 245 shares during the last quarter. SummerHaven Investment Management LLC boosted its stake in PHINIA by 1.5% in the 1st quarter. SummerHaven Investment Management LLC now owns 18,935 shares of the company's stock worth $803,000 after purchasing an additional 282 shares in the last quarter. Envestnet Asset Management Inc. grew its position in PHINIA by 5.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 6,870 shares of the company's stock valued at $331,000 after purchasing an additional 373 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in PHINIA by 149.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 698 shares of the company's stock valued at $33,000 after purchasing an additional 418 shares in the last quarter. 90.94% of the stock is owned by institutional investors.

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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