BMO Capital Markets Lowers Solstice Advanced Mat (NASDAQ:SOLS) Price Target to $90.00

Solstice Advanced Mat (NASDAQ:SOLS) had its price objective dropped by analysts at BMO Capital Markets from $101.00 to $90.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target would suggest a potential upside of 54.16% from the stock’s previous close.

A number of other equities analysts also recently commented on SOLS. UBS Group raised shares of Solstice Advanced Mat from a “neutral” rating to a “buy” rating and cut their target price for the company from $88.00 to $78.00 in a research note on Monday. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a research report on Monday, June 8th. They set a “hold” rating and a $90.00 price target for the company. Royal Bank Of Canada increased their price target on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a research report on Friday, May 22nd. Finally, Morgan Stanley lowered Solstice Advanced Mat to a “buy” rating in a research report on Monday. Six analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Solstice Advanced Mat has a consensus rating of “Moderate Buy” and a consensus target price of $81.88.

Solstice Advanced Mat Stock Up 0.2%

SOLS opened at $58.38 on Thursday. Solstice Advanced Mat has a 1 year low of $40.43 and a 1 year high of $90.80. The firm has a 50 day moving average price of $79.48 and a 200 day moving average price of $73.94. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The company has a market cap of $9.27 billion and a PE ratio of 65.60.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Sell-side analysts expect that Solstice Advanced Mat will post 2.64 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SOLS. Associated Banc Corp grew its holdings in Solstice Advanced Mat by 10.1% during the 1st quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock valued at $542,000 after purchasing an additional 654 shares in the last quarter. Carnegie Investment Counsel acquired a new position in Solstice Advanced Mat in the 1st quarter worth $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Solstice Advanced Mat by 6.3% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock worth $3,182,000 after buying an additional 2,480 shares in the last quarter. Citizens Financial Group Inc. RI purchased a new position in Solstice Advanced Mat in the 1st quarter valued at about $685,000. Finally, Fifth Third Bancorp boosted its position in Solstice Advanced Mat by 38.5% in the 1st quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock valued at $9,609,000 after buying an additional 35,102 shares during the last quarter.

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.