Solstice Advanced Mat (NASDAQ:SOLS) Stock Rating Upgraded by Truist Financial

Solstice Advanced Mat (NASDAQ:SOLS) was upgraded by equities research analysts at Truist Financial from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. The firm presently has a $48.00 price objective on the stock, down from their previous price objective of $90.00. Truist Financial’s price target would suggest a potential downside of 21.70% from the stock’s previous close.

Other equities analysts have also issued reports about the stock. UBS Group boosted their price target on shares of Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Royal Bank Of Canada raised their target price on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research note on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Finally, Mizuho lifted their target price on Solstice Advanced Mat from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Wednesday, July 1st. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.62.

Solstice Advanced Mat Stock Performance

Shares of NASDAQ SOLS opened at $61.30 on Thursday. The firm has a market capitalization of $9.73 billion and a price-to-earnings ratio of 68.88. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The business has a fifty day simple moving average of $81.51 and a 200 day simple moving average of $73.56. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Sell-side analysts expect that Solstice Advanced Mat will post 2.65 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SOLS. Westerkirk Capital Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $25,000. DiNuzzo Private Wealth Inc. bought a new stake in shares of Solstice Advanced Mat in the 4th quarter valued at about $26,000. Global Trust Asset Management LLC bought a new position in Solstice Advanced Mat during the first quarter worth about $26,000. Heritage Wealth Advisors bought a new stake in Solstice Advanced Mat in the fourth quarter valued at approximately $26,000. Finally, Hoey Investments Inc. bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth approximately $27,000.

Solstice Advanced Mat Company Profile

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.