Solstice Advanced Mat (NASDAQ:SOLS) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Solstice Advanced Mat (NASDAQ:SOLS) have earned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $78.25.

A number of brokerages have weighed in on SOLS. Mizuho cut their target price on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 15th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. BMO Capital Markets dropped their price target on 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 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, July 31st. Finally, Weiss Ratings upgraded Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st.

Solstice Advanced Mat Price Performance

Shares of NASDAQ SOLS opened at $57.34 on Thursday. The business has a fifty day moving average price of $68.81 and a two-hundred day moving average price of $74.73. The stock has a market capitalization of $9.11 billion and a PE ratio of 32.40. 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 has a fifty-two week low of $40.43 and a fifty-two week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate 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 company 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, equities analysts predict 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 declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Thursday, August 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is presently 16.95%.

Hedge Funds Weigh In On Solstice Advanced Mat

A number of hedge funds have recently bought and sold shares of the company. Wesbanco Bank Inc. acquired a new position in shares of Solstice Advanced Mat during the 4th quarter valued at $649,000. Fifth Third Bancorp acquired a new stake in Solstice Advanced Mat in the fourth quarter worth $4,424,000. Carnegie Investment Counsel acquired a new stake in Solstice Advanced Mat in the first quarter worth $2,628,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $4,796,000. Finally, Nwam LLC bought a new stake in Solstice Advanced Mat in the fourth quarter valued at $1,253,000.

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.