Solstice Advanced Mat (NASDAQ:SOLS) Stock Rating Upgraded by Vertical Research

Solstice Advanced Mat (NASDAQ:SOLS) was upgraded by analysts at Vertical Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday, Marketbeat.com reports. The brokerage currently has a $79.00 target price on the stock. Vertical Research’s price objective would indicate a potential upside of 29.76% from the company’s current price.

Other analysts also recently issued research reports about the stock. 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. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Royal Bank Of Canada upped their price objective on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. Finally, TD Cowen initiated coverage on shares of Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Seven 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 $80.50.

Solstice Advanced Mat Trading Up 0.3%

Shares of Solstice Advanced Mat stock opened at $60.88 on Wednesday. The stock has a fifty day simple moving average of $77.28 and a 200 day simple moving average of $74.41. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The company has a market capitalization of $9.67 billion and a P/E ratio of 68.40. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $991.00 million for 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. On average, sell-side analysts anticipate that Solstice Advanced Mat will post 2.65 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Solstice Advanced Mat

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