Qnity Electronics, Inc. (NYSE:Q) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Qnity Electronics, Inc. (NYSE:Q) have earned an average rating of “Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $153.00.

Several equities analysts recently weighed in on the company. BMO Capital Markets lifted their target price on Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft set a $180.00 price target on Qnity Electronics in a research report on Wednesday, May 13th. Mizuho raised their price objective on Qnity Electronics from $170.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. Royal Bank Of Canada lifted their price objective on Qnity Electronics from $150.00 to $200.00 and gave the company an “outperform” rating in a research report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th.

Qnity Electronics Stock Performance

Shares of NYSE Q traded up $0.53 during midday trading on Friday, hitting $143.99. 1,232,043 shares of the company’s stock traded hands, compared to its average volume of 2,131,818. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $177.28. The stock has a market capitalization of $30.14 billion and a price-to-earnings ratio of 49.48. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. The firm has a fifty day moving average of $153.56 and a 200 day moving average of $124.99.

Qnity Electronics (NYSE:Q) last issued its quarterly earnings data on Tuesday, May 12th. The premier technology solutions leader reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. The firm’s quarterly 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. On average, analysts forecast that Qnity Electronics will post 4.15 earnings per share for the current year.

Qnity Electronics Announces Dividend

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

Institutional Trading of Qnity Electronics

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

About Qnity Electronics