Solstice Advanced Mat (NASDAQ:SOLS) Earns Outperform Rating from Royal Bank Of Canada

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, Benzinga reports. They currently have a $82.00 price objective on the stock. Royal Bank Of Canada’s price target would indicate a potential upside of 45.67% from the stock’s previous close.

A number of other analysts have also weighed in on SOLS. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, July 21st. Zacks Research lowered shares of Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a research note on Monday. TD Cowen started coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. Finally, Mizuho lowered their price target on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Solstice Advanced Mat has an average rating of “Moderate Buy” and a consensus price target of $79.11.

Check Out Our Latest Report on Solstice Advanced Mat

Solstice Advanced Mat Stock Up 0.5%

Shares of SOLS stock traded up $0.28 during trading hours on Wednesday, reaching $56.29. 619,196 shares of the stock were exchanged, compared to its average volume of 2,851,253. The business’s fifty day moving average is $59.78 and its two-hundred day moving average is $71.75. 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 has a 12-month low of $40.43 and a 12-month high of $90.80. The firm has a market capitalization of $8.94 billion and a P/E ratio of 31.80.

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

Hedge Funds Weigh In On Solstice Advanced Mat

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SOLS. Envestnet Portfolio Solutions Inc. acquired a new position in Solstice Advanced Mat in the second quarter valued at approximately $618,000. Envestnet Asset Management Inc. acquired a new position in Solstice Advanced Mat in the second quarter valued at approximately $17,495,000. State Street Corp acquired a new stake in shares of Solstice Advanced Mat in the second quarter valued at approximately $448,557,000. Revere Asset Management Inc acquired a new stake in shares of Solstice Advanced Mat in the second quarter valued at approximately $328,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Solstice Advanced Mat in the second quarter valued at approximately $24,292,000.

About Solstice Advanced Mat

(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.

See Also

Analyst Recommendations for Solstice Advanced Mat (NASDAQ:SOLS)

Receive News & Ratings for Solstice Advanced Mat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solstice Advanced Mat and related companies with MarketBeat.com's FREE daily email newsletter.