Solstice Advanced Mat (NASDAQ:SOLS) Given “Outperform” Rating at Royal Bank Of Canada

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report)‘s stock had its “outperform” rating reissued by stock analysts at Royal Bank Of Canada in a note issued to investors on Wednesday, Benzinga reports. They presently have a $82.00 price target on the stock. Royal Bank Of Canada’s price objective indicates a potential upside of 46.00% from the company’s current price.

A number of other brokerages have also weighed in on SOLS. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Wednesday, July 22nd. Mizuho decreased their price target on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Truist Financial set a $75.00 price objective on shares of Solstice Advanced Mat and gave the stock a “buy” rating in a report on Thursday, July 9th. Morgan Stanley cut shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Finally, Jefferies Financial Group assumed coverage on Solstice Advanced Mat in a research note on Thursday, September 3rd. They set a “buy” rating and a $86.00 price target for the company. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Solstice Advanced Mat presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.11.

Read Our Latest Stock Analysis on Solstice Advanced Mat

Solstice Advanced Mat Trading Up 0.3%

Shares of SOLS stock traded up $0.16 during trading hours on Wednesday, hitting $56.17. 754,424 shares of the company were exchanged, compared to its average volume of 2,852,324. The company has a 50 day simple moving average of $59.78 and a two-hundred day simple moving average of $71.75. The firm has a market cap of $8.92 billion and a P/E ratio of 31.73. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.88 EPS 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 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. Equities analysts anticipate that Solstice Advanced Mat will post 2.88 EPS for the current year.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of institutional investors and hedge funds have recently modified their holdings of the company. State Street Corp purchased a new stake in Solstice Advanced Mat in the 2nd quarter worth approximately $448,557,000. Madison Avenue Partners LP purchased a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $135,172,000. Norges Bank bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $128,368,000. Geode Capital Management LLC purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $110,395,000. Finally, Bank of America Corp DE purchased a new position in shares of Solstice Advanced Mat in the second 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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Analyst Recommendations for Solstice Advanced Mat (NASDAQ:SOLS)

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