Qnity Electronics, Inc. (NYSE:Q) Given Average Recommendation of “Buy” by Brokerages

Shares of Qnity Electronics, Inc. (NYSE:Q) have been given a consensus rating of “Buy” by the ten analysts that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $151.7778.

Q has been the topic of several research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Mizuho raised their target price on shares of Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 target price on shares of Qnity Electronics in a report on Wednesday, May 13th. Finally, BMO Capital Markets upped their price target on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, July 6th.

Institutional Investors Weigh In On Qnity Electronics

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. purchased a new position in shares of Qnity Electronics during the fourth quarter worth about $2,226,626,000. State Street Corp acquired a new position in Qnity Electronics in the 4th quarter valued at about $728,894,000. Geode Capital Management LLC purchased a new stake in Qnity Electronics during the 4th quarter valued at approximately $435,786,000. Invesco Ltd. purchased a new stake in Qnity Electronics during the 4th quarter valued at approximately $385,057,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Qnity Electronics by 741.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after acquiring an additional 3,855,617 shares during the last quarter.

Qnity Electronics Stock Up 0.7%

Q opened at $136.48 on Friday. The business’s 50-day simple moving average is $152.90 and its 200-day simple moving average is $126.94. 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 one year low of $70.50 and a one year high of $177.28. The stock has a market capitalization of $28.57 billion and a P/E ratio of 46.90.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.16. The firm had revenue of $1.31 billion during the quarter. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. Analysts anticipate that Qnity Electronics will post 4.16 EPS for the current year.

Qnity Electronics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, August 31st. Qnity Electronics’s dividend payout ratio (DPR) is presently 11.00%.

Qnity Electronics Company Profile