Analysts Set Solstice Advanced Mat (NASDAQ:SOLS) Target Price at $79.11

Solstice Advanced Mat (NASDAQ:SOLS) has earned a consensus rating of “Moderate Buy” from the twelve research firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $79.1111.

Several research analysts recently commented on SOLS shares. BMO Capital Markets reduced their price objective on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 16th. Royal Bank Of Canada reduced their price target on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Wednesday, July 22nd. Truist Financial set a $75.00 price objective on Solstice Advanced Mat and gave the stock a “buy” rating in a research report on Thursday, July 9th. Finally, UBS Group boosted their target price on Solstice Advanced Mat from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, July 31st.

Solstice Advanced Mat Price Performance

Shares of SOLS stock opened at $57.31 on Monday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The stock’s 50-day moving average is $60.15 and its 200 day moving average is $72.65. The company has a market cap of $9.10 billion and a P/E ratio of 32.38. 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) last announced its 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. The business had revenue of $1.15 billion during the quarter. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Research analysts predict that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th were issued a $0.075 dividend. This represents a $0.30 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio (DPR) is currently 16.95%.

Hedge Funds Weigh In On Solstice Advanced Mat

Hedge funds have recently modified their holdings of the stock. Folger Nolan Fleming Douglas Capital Management Inc. increased its stake in Solstice Advanced Mat by 3.3% during the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock valued at $343,000 after purchasing an additional 146 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Solstice Advanced Mat by 0.5% during the second quarter. Arizona State Retirement System now owns 43,816 shares of the company’s stock worth $3,882,000 after buying an additional 217 shares during the period. Manning & Napier Advisors LLC acquired a new stake in shares of Solstice Advanced Mat during the second quarter worth $27,000. Global Trust Asset Management LLC purchased a new stake in shares of Solstice Advanced Mat during the first quarter valued at $26,000. Finally, Hsbc Holdings PLC grew its holdings in shares of Solstice Advanced Mat by 0.4% during the second quarter. Hsbc Holdings PLC now owns 96,570 shares of the company’s stock valued at $8,531,000 after buying an additional 342 shares during the last quarter.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc (NASDAQ: SOLS) is an advanced materials company that develops and manufactures specialty chemicals and performance materials for industrial and commercial applications. The company focuses on solutions designed to support energy efficiency, lower environmental impact and improved product performance.

Its portfolio includes Solstice-branded low-global-warming-potential refrigerants, aerosol propellants and blowing agents, as well as specialty materials such as fluoropolymers and other performance chemicals.