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.

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According to TipRanks, Viswanathan is an analyst with an average return of -1.8% and a 46.00% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Celanese, Eastman Chemical, and Huntsman.

In a report released yesterday, Deutsche Bank also reiterated 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 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, Michael G. Goss, the VP & Controller of Q sold 1,895.00 shares for a total of $160,677.05.