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

Solstice Advanced Mat (NASDAQ:SOLS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.

Several other equities research analysts have also commented on SOLS. Jefferies Financial Group started coverage on Solstice Advanced Mat in a research report on Thursday, September 3rd. They issued a “buy” rating and a $86.00 price objective on the stock. Royal Bank Of Canada cut their target price on shares of Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the company a “buy” rating in a research note on Thursday, July 9th. Mizuho lowered their price target on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a report on Wednesday, July 15th. Finally, Wall Street Zen lowered shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Eight analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.11.

Solstice Advanced Mat Stock Down 1.6%

SOLS stock opened at $56.01 on Monday. The company has a market capitalization of $8.90 billion and a P/E ratio of 31.64. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $90.80. The firm’s fifty day simple moving average is $59.78 and its 200-day simple moving average is $71.75. 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 posted its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating 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 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 research analysts forecast that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Institutional Investors Weigh In On Solstice Advanced Mat

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State Street Corp purchased a new position in Solstice Advanced Mat during the second quarter valued at $448,557,000. Madison Avenue Partners LP purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $135,172,000. Norges Bank purchased a new stake in shares of Solstice Advanced Mat during the fourth quarter worth about $128,368,000. Geode Capital Management LLC acquired a new stake in Solstice Advanced Mat in the 4th quarter worth about $110,395,000. Finally, Bank of America Corp DE acquired a new stake in Solstice Advanced Mat in the 2nd quarter worth about $153,615,000.

Solstice Advanced Mat Company Profile

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.