Mizuho Cuts Solstice Advanced Mat (NASDAQ:SOLS) Price Target to $65.00

Solstice Advanced Mat (NASDAQ:SOLS – Free Report) had its price objective decreased by Mizuho from $70.00 to $65.00 in a research note published on Thursday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other research firms have also recently commented on SOLS. Jefferies Financial Group initiated coverage on Solstice Advanced Mat in a research note on Thursday, September 3rd. They issued a “buy” rating and a $86.00 target price on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $82.00 price target on shares of Solstice Advanced Mat in a research report on Wednesday. BMO Capital Markets dropped their price target on shares of 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. Vertical Research raised shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective on the stock in a research report on Wednesday, July 22nd. Finally, Truist Financial set a $75.00 price objective on shares of Solstice Advanced Mat and gave the company a “buy” rating in a research note on Thursday, July 9th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Solstice Advanced Mat presently has an average rating of “Moderate Buy” and an average target price of $78.56.

Read Our Latest Stock Report on SOLS

Solstice Advanced Mat Stock Up 1.3%

Shares of Solstice Advanced Mat stock opened at $57.70 on Thursday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The firm has a market cap of $9.17 billion and a price-to-earnings ratio of 32.60. The company has a 50-day moving average of $59.56 and a 200 day moving average of $71.43. 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 earnings per share for the quarter, beating 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 business had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, sell-side analysts anticipate that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were issued a dividend of $0.0750 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 27th. Solstice Advanced Mat’s payout ratio is presently 16.95%.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of large investors have recently added to or reduced their stakes in the stock. State Street Corp bought a new position in shares of Solstice Advanced Mat during the 2nd quarter valued at $448,557,000. Bank of America Corp DE bought a new stake in shares of Solstice Advanced Mat in the second quarter worth $153,615,000. Madison Avenue Partners LP purchased a new stake in Solstice Advanced Mat during the fourth quarter valued at $135,172,000. Norges Bank purchased a new stake in Solstice Advanced Mat during the fourth quarter valued at $128,368,000. Finally, Geode Capital Management LLC bought a new position in Solstice Advanced Mat in the fourth quarter valued at about $110,395,000.

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.

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Analyst Recommendations for Solstice Advanced Mat (NASDAQ:SOLS)

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