Qnity Electronics (NYSE:Q) Raised to Moderate Buy at Royal Bank Of Canada

Qnity Electronics (NYSE:Q) was upgraded by Royal Bank Of Canada to a “moderate buy” rating in a note issued to investors on Monday,Zacks.com reports.

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

Qnity Electronics Stock Performance

NYSE Q opened at $78.31 on Monday. Qnity Electronics has a 1 year low of $70.50 and a 1 year high of $105.40.

Qnity Electronics (NYSE:Q) last posted its quarterly earnings data on Tuesday, November 18th. The premier technology solutions leader reported $1.01 earnings per share 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

In other news, Director Anne P. Noonan purchased 3,240 shares of the firm’s stock in a transaction dated Friday, November 21st. The shares were acquired at an average price of $77.30 per share, with a total value of $250,452.00. Following the purchase, the director directly owned 3,240 shares of the company’s stock, valued at $250,452. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

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.