RBC Capital Keeps Their Buy Rating on Qnity Electronics, Inc. (Q)
RBC Capital analyst Arun Viswanathan maintained a Buy rating on Qnity Electronics, Inc. yesterday and set a price target of $110.00. The company’s shares closed yesterday at $73.54.
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Viswanathan covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Dow Inc, and Linde. According to TipRanks, Viswanathan has an average return of -4.3% and a 42.00% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Qnity Electronics, Inc. with a $106.63 average price target, representing a 45.00% upside. In a report released today, Deutsche Bank also initiated coverage with a Buy rating on the stock with a $92.00 price target.
Based on Qnity Electronics, Inc.’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.28 billion and a net profit of $211 million. In comparison, last year the company earned a revenue of $983 million and had a net profit of $133 million
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of Q in relation to earlier this year. Earlier this month, Anne Noonan, a Director at Q bought 3,240.00 shares for a total of $250,452.00.
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