Solstice Advanced Mat (NASDAQ:SOLS) Stock Keeps Outperform Rating at Royal Bank Of Canada

Solstice Advanced Mat (NASDAQ:SOLS)‘s stock had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada in a report issued on Wednesday, Benzinga reports. They presently have a $82.00 price objective on the stock. Royal Bank Of Canada’s target price points to a potential upside of 45.60% from the company’s previous close.

A number of other brokerages have also recently issued reports on SOLS. Truist Financial set a $75.00 price objective on Solstice Advanced Mat and gave the company a “buy” rating in a report on Thursday, July 9th. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a report on Wednesday, July 22nd. Wall Street Zen cut Solstice Advanced Mat from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Finally, Mizuho dropped their price objective on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Eight investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.11.

Solstice Advanced Mat Price Performance

NASDAQ SOLS traded up $0.31 on Wednesday, reaching $56.32. The company’s stock had a trading volume of 2,564,490 shares, compared to its average volume of 2,861,949. The firm has a market cap of $8.95 billion and a PE ratio of 31.82. The business has a 50-day moving average price of $59.78 and a 200 day moving average price of $71.75. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30.

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

Hedge Funds Weigh In On Solstice Advanced Mat

A number of large investors have recently modified their holdings of the stock. State Street Corp acquired a new position in shares of Solstice Advanced Mat during the second quarter worth approximately $448,557,000. Madison Avenue Partners LP acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $135,172,000. Norges Bank acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $128,368,000. Geode Capital Management LLC acquired a new position in shares of Solstice Advanced Mat during the fourth quarter worth approximately $110,395,000. Finally, Bank of America Corp DE acquired a new position in shares of Solstice Advanced Mat during the second quarter worth approximately $153,615,000.

Solstice Advanced Mat Company Profile

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.