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

Qnity Electronics, Inc. (NYSE:Q) has been given an average rating of “Buy” by the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One 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 target among brokers that have updated their coverage on the stock in the last year is $153.00.

Several equities analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $165.00 price objective on shares of Qnity Electronics in a research report on Wednesday, May 13th. Zacks Research raised Qnity Electronics from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. BMO Capital Markets boosted their price target on Qnity Electronics from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Qnity Electronics in a research report on Friday, May 8th. Finally, Royal Bank Of Canada lifted their price objective on Qnity Electronics from $150.00 to $200.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th.

Institutional Inflows and Outflows

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

Qnity Electronics Stock Up 0.4%

Qnity Electronics stock traded up $0.53 during trading hours on Friday, hitting $143.99. The stock had a trading volume of 1,232,043 shares, compared to its average volume of 2,131,818. The company has a quick ratio of 1.57, a current ratio of 2.12 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $30.14 billion and a P/E ratio of 49.48. Qnity Electronics has a 12-month low of $70.50 and a 12-month high of $177.28. The stock’s 50-day moving average price is $153.56 and its 200-day moving average price is $124.99.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings results on Tuesday, May 12th. The premier technology solutions leader reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.16. The firm had revenue of $1.31 billion for the quarter. The business’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. Equities research analysts anticipate that Qnity Electronics will post 4.15 EPS for the current fiscal year.

Qnity Electronics Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend 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%.

About Qnity Electronics