Qnity Electronics (NYSE:Q) Upgraded to “Strong-Buy” at Zacks Research

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

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research note on Wednesday, May 13th. Mizuho lifted their price objective on Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday. BMO Capital Markets restated an “outperform” rating and issued a $180.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. 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. Finally, Royal Bank Of Canada raised their price objective on shares of Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $152.44.

Qnity Electronics Stock Down 6.1%

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

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

Hedge Funds Weigh In On Qnity Electronics

A number of institutional investors have recently modified their holdings of Q. Kestra Private Wealth Services LLC bought a new position in Qnity Electronics in the fourth quarter valued at about $769,000. Cohen Klingenstein LLC acquired a new stake in Qnity Electronics in the fourth quarter worth about $587,000. Wesbanco Bank Inc. bought a new stake in Qnity Electronics during the 4th quarter worth about $1,566,000. KBC Group NV bought a new stake in Qnity Electronics during the 4th quarter worth about $12,189,000. Finally, Delta Capital Management LLC acquired a new position in Qnity Electronics during the 4th quarter valued at about $1,141,000.

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.