Qnity Electronics, Inc. (Q) Receives a Buy from Oppenheimer

Oppenheimer analyst initiated coverage with a Buy rating on Qnity Electronics, Inc. today and set a price target of $100.00.

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Currently, the analyst consensus on Qnity Electronics, Inc. is a Strong Buy with an average price target of $105.89.

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 25 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of Q in relation to earlier this year. Earlier this month, Jon D. Kemp, the CEO of Q sold 5,655.00 shares for a total of $480,731.55.