Solstice Advanced Mat’s (SOLS) “Outperform” Rating Reaffirmed at Royal Bank Of Canada

Solstice Advanced Mat (NASDAQ:SOLS)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a research note issued on Wednesday, Benzinga reports. They currently have a $82.00 target price on the stock. Royal Bank Of Canada’s price target points to a potential upside of 43.91% from the company’s current price.

A number of other equities analysts also recently weighed in on SOLS. Morgan Stanley downgraded Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. TD Cowen started coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price target for the company. UBS Group boosted their price objective on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Vertical Research upgraded shares of Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Wednesday, July 22nd. Finally, Truist Financial set a $75.00 price objective on Solstice Advanced Mat and gave the company a “buy” rating in a research report on Thursday, July 9th. Eight research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.56.

Solstice Advanced Mat Trading Up 1.2%

Shares of NASDAQ:SOLS traded up $0.66 during mid-day trading on Wednesday, hitting $56.98. The stock had a trading volume of 1,842,379 shares, compared to its average volume of 2,854,967. The company’s 50 day moving average is $59.69 and its 200-day moving average is $71.64. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80. The company has a market cap of $9.05 billion and a PE ratio of 32.19.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SOLS. State Street Corp acquired a new stake in shares of Solstice Advanced Mat in the second quarter valued at about $448,557,000. Bank of America Corp DE acquired a new position in shares of Solstice Advanced Mat during the 2nd quarter worth about $153,615,000. Madison Avenue Partners LP acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter worth $135,172,000. Norges Bank acquired a new stake in Solstice Advanced Mat in the 4th quarter worth $128,368,000. Finally, Geode Capital Management LLC bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $110,395,000.

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.