Solstice Advanced Mat (NASDAQ:SOLS) Raised to Strong-Buy at Zacks Research

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

Several other analysts have also commented on the company. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Wednesday, July 22nd. Morgan Stanley downgraded Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Weiss Ratings raised Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. BMO Capital Markets decreased 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. Finally, Royal Bank Of Canada decreased their price target on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating for the company in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $78.25.

Solstice Advanced Mat Trading Up 2.1%

NASDAQ:SOLS opened at $63.52 on Monday. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The firm has a 50 day moving average of $73.64 and a 200 day moving average of $74.81. 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 stock has a market capitalization of $10.09 billion and a price-to-earnings ratio of 71.37.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share 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, sell-side analysts anticipate that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global Trust Asset Management LLC purchased a new stake in shares of Solstice Advanced Mat during the first quarter valued at $26,000. Princeton Global Asset Management LLC purchased a new position in Solstice Advanced Mat in the 1st quarter worth $27,000. Westfuller Advisors LLC acquired a new stake in Solstice Advanced Mat during the 1st quarter worth about $36,000. Darwin Wealth Management LLC acquired a new stake in Solstice Advanced Mat during the 1st quarter worth about $37,000. Finally, Westerkirk Capital Inc. acquired a new stake in Solstice Advanced Mat during the 4th quarter worth about $25,000.

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.