Qnity Electronics (NYSE:Q) Price Target Raised to $185.00 at BMO Capital Markets

Qnity Electronics (NYSE:Q) had its price objective raised by BMO Capital Markets from $180.00 to $185.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an “outperform” rating on the premier technology solutions leader’s stock. BMO Capital Markets’ price target suggests a potential upside of 30.44% from the stock’s previous close.

Q has been the subject of a number of other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a report on Friday, May 8th. Mizuho increased their price target on shares of Qnity Electronics from $170.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Royal Bank Of Canada raised their price target 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. The Goldman Sachs Group restated a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, Deutsche Bank Aktiengesellschaft set a $180.00 price objective on shares of Qnity Electronics in a research note on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Qnity Electronics presently has an average rating of “Buy” and an average target price of $153.00.

Qnity Electronics Price Performance

Shares of Qnity Electronics stock opened at $141.82 on Monday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.12 and a quick ratio of 1.57. The business’s 50 day simple moving average is $153.37 and its two-hundred day simple moving average is $123.03. The stock has a market capitalization of $29.69 billion and a P/E ratio of 48.74. Qnity Electronics has a one year low of $70.50 and a one year high of $177.28.

Qnity Electronics (NYSE:Q) last announced its quarterly earnings data 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 company had revenue of $1.31 billion during 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. Analysts forecast that Qnity Electronics will post 4.08 EPS for the current year.

Institutional Trading of Qnity Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Kestra Private Wealth Services LLC bought a new stake in shares of Qnity Electronics during the fourth quarter valued at approximately $769,000. Cohen Klingenstein LLC purchased a new stake in Qnity Electronics in the fourth quarter worth $587,000. Wesbanco Bank Inc. bought a new position in Qnity Electronics in the fourth quarter worth $1,566,000. Keybank National Association OH bought a new position in Qnity Electronics in the fourth quarter worth $6,586,000. Finally, KBC Group NV purchased a new position in Qnity Electronics during the fourth quarter valued at $12,189,000.

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.