Solstice Advanced Mat (NASDAQ:SOLS) Earns “Outperform” Rating from Royal Bank Of Canada

Solstice Advanced Mat (NASDAQ:SOLS)‘s stock had its “outperform” rating restated by investment analysts at Royal Bank Of Canada in a research report issued on Wednesday, Benzinga reports. They currently have a $82.00 price target on the stock. Royal Bank Of Canada’s target price would indicate a potential upside of 42.11% from the company’s previous close.

Other equities analysts also recently issued research reports about the company. BMO Capital Markets lowered their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, July 16th. Zacks Research downgraded Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a report on Monday. TD Cowen began coverage on Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price target on the stock. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group initiated coverage on Solstice Advanced Mat in a report on Thursday, September 3rd. They set a “buy” rating and a $86.00 price target on the stock. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $78.56.

Solstice Advanced Mat Stock Performance

SOLS stock traded up $0.72 during midday trading on Wednesday, hitting $57.70. 1,578,736 shares of the company traded hands, compared to its average volume of 2,850,843. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month 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 business has a 50 day simple moving average of $59.61 and a 200-day simple moving average of $71.52. The stock has a market capitalization of $9.17 billion and a price-to-earnings ratio of 32.60.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, equities research analysts predict that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Institutional Investors Weigh In On Solstice Advanced Mat

Hedge funds have recently modified their holdings of the business. Manning & Napier Advisors LLC bought a new stake in shares of Solstice Advanced Mat in the second quarter valued at approximately $27,000. Global Trust Asset Management LLC bought a new position in Solstice Advanced Mat in the first quarter worth $26,000. Compass Financial Management LLC bought a new position in Solstice Advanced Mat in the second quarter worth $28,000. Princeton Global Asset Management LLC bought a new position in Solstice Advanced Mat in the first quarter worth $27,000. Finally, Philadelphia Investment Partners LLC bought a new position in Solstice Advanced Mat in the second quarter worth $34,000.

About Solstice Advanced Mat

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.