Qnity Electronics (NYSE:Q) Upgraded by Wall Street Zen to “Hold” Rating

Qnity Electronics (NYSE:Q) was upgraded by investment analysts at Wall Street Zen to a “hold” rating in a report released on Friday.

A number of other brokerages also recently issued reports on Q. New Street Research set a $110.00 price target on Qnity Electronics in a research report on Monday, November 3rd. Zacks Research raised Qnity Electronics to a “hold” rating in a research note on Thursday, November 6th. Wolfe Research initiated coverage on Qnity Electronics in a research report on Monday, November 3rd. They set an “outperform” rating and a $110.00 target price on the stock. Mizuho cut their price target on shares of Qnity Electronics from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, November 20th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Qnity Electronics in a research report on Monday. They set a “buy” rating and a $92.00 price objective for the company. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Qnity Electronics presently has a consensus rating of “Moderate Buy” and an average target price of $104.40.

Qnity Electronics Trading Up 2.3%

Qnity Electronics stock opened at $81.09 on Friday. Qnity Electronics has a 12 month low of $70.50 and a 12 month high of $105.40.

Qnity Electronics (NYSE:Q) last posted its earnings results on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.32. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.23 billion.

Insider Activity at Qnity Electronics

In other Qnity Electronics news, Director Anne P. Noonan purchased 3,240 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were purchased at an average cost of $77.30 per share, with a total value of $250,452.00. Following the completion of the purchase, the director owned 3,240 shares in the company, valued at approximately $250,452. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 6.40% of the stock is owned by company insiders.

Qnity Electronics Company Profile

Qnity Electronics Inc is a premier technology solution provider across the semiconductor value chain. Qnity Electronics Inc is based in WILMINGTON, Del.