Solstice Advanced Mat (NASDAQ:SOLS) Stock Has Average Target Price of $78.11 According to Brokerages

Shares of Solstice Advanced Mat (NASDAQ:SOLS) have been given an average recommendation of “Moderate Buy” by the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $77.60.

A number of analysts recently commented on SOLS shares. UBS Group dropped their price target on shares of Solstice Advanced Mat from $80.00 to $76.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $82.00 price objective on shares of Solstice Advanced Mat in a research note on Wednesday, September 30th. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, Seaport Research Partners started coverage on Solstice Advanced Mat in a research report on Wednesday, October 7th. They set a “buy” rating and a $80.00 target price on the stock.

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. Carnegie Investment Counsel bought a new stake in shares of Solstice Advanced Mat during the first quarter valued at about $2,628,000. State Street Corp purchased a new stake in shares of Solstice Advanced Mat in the second quarter worth about $448,557,000. Squarepoint Ops LLC purchased a new stake in shares of Solstice Advanced Mat in the second quarter worth about $11,692,000. Anchor Capital Advisors LLC purchased a new stake in shares of Solstice Advanced Mat in the second quarter worth about $55,866,000. Finally, Fifth Third Bancorp lifted its holdings in shares of Solstice Advanced Mat by 38.5% in the first quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock worth $9,609,000 after buying an additional 35,102 shares in the last quarter.

Solstice Advanced Mat Price Performance

NASDAQ SOLS opened at $59.92 on Friday. The company has a market cap of $9.52 billion and a PE ratio of 33.85. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The firm’s 50-day simple moving average is $59.58 and its two-hundred day simple moving average is $70.60.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The firm 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 2.87 earnings per share for the current year.

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.