Solstice Advanced Mat (NASDAQ:SOLS) Upgraded at Vertical Research

Vertical Research upgraded shares of Solstice Advanced Mat (NASDAQ:SOLS) from a hold rating to a buy rating in a research note released on Wednesday morning, Marketbeat.com reports. The brokerage currently has $79.00 target price on the stock.

Several other research firms have also commented on SOLS. Morgan Stanley lowered Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. UBS Group restated a “buy” rating on shares of Solstice Advanced Mat in a research report on Tuesday. Mizuho decreased their price objective on Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Finally, Royal Bank Of Canada lifted their price objective on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a research report on Tuesday, June 30th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

Solstice Advanced Mat Price Performance

Shares of NASDAQ:SOLS opened at $60.54 on Wednesday. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $9.61 billion and a PE ratio of 68.02. The firm’s 50 day moving average price is $76.79 and its 200-day moving average price is $74.31. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business 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. Equities research analysts expect that Solstice Advanced Mat will post 2.65 EPS for the current year.

Solstice Advanced Mat Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio is presently 33.71%.

Institutional Investors Weigh In On Solstice Advanced Mat

Institutional investors and hedge funds have recently bought and sold shares of the business. Ferguson Wellman Capital Management Inc. purchased a new position in shares of Solstice Advanced Mat in the fourth quarter valued at about $2,259,000. Parsons Capital Management Inc. RI bought a new stake in Solstice Advanced Mat during the 4th quarter valued at approximately $625,000. JFS Wealth Advisors LLC bought a new stake in Solstice Advanced Mat during the 4th quarter valued at approximately $121,000. Pathway Financial Advisors LLC purchased a new position in Solstice Advanced Mat in the 4th quarter worth approximately $337,000. Finally, Tradewinds Capital Management LLC purchased a new position in Solstice Advanced Mat in the 4th quarter worth approximately $89,000.

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.