Solstice Advanced Mat’s (SOLS) “Outperform” Rating Reiterated at Royal Bank Of Canada

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a report released on Wednesday, Benzinga reports. They currently have a $82.00 price objective on the stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 44.88% from the stock’s previous close.

SOLS has been the topic of several other research reports. Vertical Research raised shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. TD Cowen initiated coverage on Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 target price on the stock. BMO Capital Markets cut their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a research note on Thursday, July 16th. Finally, Jefferies Financial Group assumed coverage on Solstice Advanced Mat in a report on Thursday, September 3rd. They set a “buy” rating and a $86.00 price objective on the stock. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.11.

Get Our Latest Analysis on SOLS

Solstice Advanced Mat Stock Up 1.0%

NASDAQ SOLS traded up $0.59 during trading hours on Wednesday, hitting $56.60. The company had a trading volume of 1,476,724 shares, compared to its average volume of 2,855,561. The firm’s 50 day moving average is $59.78 and its 200 day moving average is $71.75. The company has a market capitalization of $8.99 billion and a price-to-earnings ratio of 31.98. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08.

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. The business had revenue of $1.15 billion for the quarter. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Sell-side analysts anticipate that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of hedge funds have recently made changes to their positions in SOLS. State Street Corp acquired a new position in shares of Solstice Advanced Mat during the second quarter valued at $448,557,000. Madison Avenue Partners LP acquired a new stake in Solstice Advanced Mat in the fourth quarter worth about $135,172,000. Norges Bank bought a new position in Solstice Advanced Mat in the 4th quarter valued at about $128,368,000. Geode Capital Management LLC bought a new position in Solstice Advanced Mat in the 4th quarter valued at about $110,395,000. Finally, Bank of America Corp DE bought a new position in Solstice Advanced Mat in the 2nd quarter valued at about $153,615,000.

Solstice Advanced Mat Company Profile

(Get Free Report)

Solstice Advanced Materials, Inc is a specialty materials company that develops and manufactures high-performance chemicals and engineered materials for customers in industries including healthcare, electronics, automotive, aerospace, construction, and refrigeration. The company focuses on technologies designed to support energy efficiency, product performance, and lower environmental impact.

Its product portfolio includes low-global-warming-potential refrigerants and blowing agents, fluorine-based specialty chemicals, advanced films and barrier materials, and other engineered materials used in demanding industrial and commercial applications.

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