Solstice Advanced Mat (NASDAQ:SOLS) Stock Rating Upgraded by Zacks Research

Solstice Advanced Mat (NASDAQ:SOLS) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the company. Royal Bank Of Canada cut their price objective on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a report on Friday. BMO Capital Markets cut their price objective on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, July 16th. Mizuho reduced their target price on 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. TD Cowen began coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. Finally, Morgan Stanley downgraded shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Solstice Advanced Mat has a consensus rating of “Moderate Buy” and an average price target of $78.25.

Solstice Advanced Mat Stock Up 2.1%

SOLS stock opened at $63.52 on Monday. The stock has a market capitalization of $10.09 billion and a P/E ratio of 71.37. 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 one year low of $40.43 and a one year high of $90.80. The company has a 50 day moving average price of $73.64 and a two-hundred day moving average price of $74.81.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.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, sell-side analysts expect that Solstice Advanced Mat will post 2.87 EPS for the current year.

Institutional Trading of Solstice Advanced Mat

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. bought a new stake in Solstice Advanced Mat during the fourth quarter worth approximately $893,275,000. State Street Corp purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter valued at $245,276,000. Morgan Stanley purchased a new stake in Solstice Advanced Mat during the fourth quarter valued at about $195,151,000. Madison Avenue Partners LP purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at approximately $135,172,000. Finally, UBS Group AG acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $130,269,000.

About Solstice Advanced Mat

Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more.