Solstice Advanced Mat (NASDAQ:SOLS) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Solstice Advanced Mat (NASDAQ:SOLS) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $87.6250.

SOLS has been the subject of a number of research analyst reports. UBS Group boosted their target price on shares of Solstice Advanced Mat to $88.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Vertical Research cut shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price target for the company. in a research report on Thursday, May 14th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, BMO Capital Markets lifted their price target on shares of Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a research report on Friday, June 5th.

Institutional Investors Weigh In On Solstice Advanced Mat

Several institutional investors have recently modified their holdings of SOLS. Ferguson Wellman Capital Management Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $2,259,000. Parsons Capital Management Inc. RI acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $625,000. JFS Wealth Advisors LLC acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $121,000. Pathway Financial Advisors LLC acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth approximately $337,000. Finally, Tradewinds Capital Management LLC bought a new position in Solstice Advanced Mat during the 4th quarter worth approximately $89,000.

Solstice Advanced Mat Trading Up 7.3%

Shares of NASDAQ SOLS opened at $88.60 on Wednesday. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80. The company has a market cap of $14.07 billion and a PE ratio of 99.55. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The company has a 50-day moving average of $83.20 and a two-hundred day moving average of $72.57.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, equities analysts expect that Solstice Advanced Mat will post 2.62 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were given a dividend of $0.075 per share. The ex-dividend date was Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.3%. Solstice Advanced Mat’s payout ratio is currently 33.71%.

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.