Qnity Electronics (NYSE:Q) Raised to Strong-Buy at Zacks Research

Qnity Electronics (NYSE:Q) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently commented on Q. The Goldman Sachs Group reaffirmed a “buy” rating and set a $165.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. Weiss Ratings restated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. BMO Capital Markets restated an “outperform” rating and set a $180.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 13th. Finally, Mizuho upped their price target on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $152.44.

Qnity Electronics Price Performance

Shares of Q stock opened at $153.31 on Tuesday. The firm’s 50 day moving average price is $153.18 and its two-hundred day moving average price is $122.13. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. Qnity Electronics has a 52-week low of $70.50 and a 52-week high of $177.28. The stock has a market cap of $32.09 billion and a PE ratio of 52.68.

Qnity Electronics (NYSE:Q) last issued its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating the consensus estimate of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. Qnity Electronics’s revenue was up 17.6% on a year-over-year basis. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. As a group, analysts forecast that Qnity Electronics will post 4.08 EPS for the current year.

Institutional Trading of Qnity Electronics

Several hedge funds and other institutional investors have recently modified their holdings of Q. Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Qnity Electronics during the fourth quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in Qnity Electronics in the 4th quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC raised its position in Qnity Electronics by 71.8% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 213 shares of the premier technology solutions leader’s stock valued at $25,000 after buying an additional 89 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in Qnity Electronics in the 4th quarter valued at approximately $26,000. Finally, Provenance Wealth Advisors LLC bought a new stake in Qnity Electronics in the 4th quarter valued at approximately $27,000.

About Qnity Electronics

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.