Royal Bank Of Canada Lowers Qnity Electronics (NYSE:Q) Price Target to $189.00

Qnity Electronics (NYSE:Q) had its price objective cut by stock analysts at Royal Bank Of Canada from $200.00 to $189.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the premier technology solutions leader’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 32.71% from the stock’s previous close.

Q has been the subject of a number of other reports. Zacks Research raised shares of Qnity Electronics from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. BMO Capital Markets boosted their price objective on shares of Qnity Electronics from $180.00 to $185.00 and gave the company an “outperform” rating in a research report on Monday, July 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Qnity Electronics in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $180.00 target price on shares of Qnity Electronics in a research report on Wednesday, May 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $165.00 target price on shares of Qnity Electronics in a research note on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Qnity Electronics currently has an average rating of “Buy” and a consensus target price of $151.78.

Qnity Electronics Stock Up 1.0%

NYSE:Q traded up $1.43 during trading hours on Tuesday, hitting $142.41. 215,577 shares of the company’s stock traded hands, compared to its average volume of 2,158,858. The stock’s fifty day moving average price is $153.57 and its two-hundred day moving average price is $125.70. The firm has a market cap of $29.81 billion and a P/E ratio of 48.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.57 and a current ratio of 2.12. Qnity Electronics has a twelve month low of $70.50 and a twelve month 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 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.16. The business had revenue of $1.31 billion for the quarter. Qnity Electronics’s revenue for the quarter was up 17.6% compared to the same quarter last year. Qnity Electronics has set its FY 2026 guidance at 3.800-4.140 EPS. On average, research analysts expect that Qnity Electronics will post 4.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. bought a new stake in Qnity Electronics in the fourth quarter worth $2,226,626,000. State Street Corp acquired a new position in Qnity Electronics during the fourth quarter worth $728,894,000. Geode Capital Management LLC bought a new position in Qnity Electronics during the fourth quarter valued at about $435,786,000. Invesco Ltd. bought a new position in Qnity Electronics during the fourth quarter valued at about $385,057,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in Qnity Electronics by 741.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,375,735 shares of the premier technology solutions leader’s stock valued at $518,787,000 after buying an additional 3,855,617 shares in the last quarter.

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