CL King Initiates Coverage on PHINIA (NYSE:PHIN)

Equities research analysts at CL King began coverage on shares of PHINIA (NYSE:PHIN) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The firm set a “buy” rating and a $54.00 price target on the stock. CL King’s price objective would indicate a potential upside of 20.96% from the stock’s previous close.

Several other equities research analysts also recently issued reports on the stock. UBS Group raised their price objective on shares of PHINIA from $55.00 to $57.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Northland Securities assumed coverage on PHINIA in a report on Thursday, January 30th. They set an “outperform” rating and a $61.00 price target for the company. Finally, Northland Capmk upgraded PHINIA to a “strong-buy” rating in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $55.50.

PHINIA Stock Up 1.1 %

PHIN stock opened at $44.64 on Monday. PHINIA has a 1-year low of $36.10 and a 1-year high of $57.23. The business’s 50 day simple moving average is $48.51 and its 200 day simple moving average is $48.75. The company has a current ratio of 1.90, a quick ratio of 1.44 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $1.82 billion, a PE ratio of 25.51 and a beta of 1.38.

PHINIA (NYSE:PHIN) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.71 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.09). The company had revenue of $833.00 million during the quarter, compared to analyst estimates of $811.94 million. PHINIA had a net margin of 2.32% and a return on equity of 10.12%. As a group, research analysts anticipate that PHINIA will post 4.21 EPS for the current year.

Institutional Investors Weigh In On PHINIA

Institutional investors have recently made changes to their positions in the stock. Commerce Bank raised its holdings in PHINIA by 1.7% in the 4th quarter. Commerce Bank now owns 13,696 shares of the company’s stock valued at $660,000 after acquiring an additional 231 shares in the last quarter. Mariner LLC increased its position in shares of PHINIA by 1.3% in the fourth quarter. Mariner LLC now owns 19,739 shares of the company’s stock worth $951,000 after purchasing an additional 245 shares during the period. Quantinno Capital Management LP raised its stake in PHINIA by 2.4% in the third quarter. Quantinno Capital Management LP now owns 14,637 shares of the company’s stock valued at $674,000 after purchasing an additional 345 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in PHINIA by 5.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 6,870 shares of the company’s stock worth $331,000 after purchasing an additional 373 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in PHINIA by 149.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 698 shares of the company’s stock worth $33,000 after purchasing an additional 418 shares during the period. 90.94% of the stock is currently 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.