Wall Street Zen Upgrades Solstice Advanced Mat (NASDAQ:SOLS) to Buy

by · The Markets Daily

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities research analysts have also issued reports about the company. Royal Bank Of Canada lowered their price objective on Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. BMO Capital Markets cut their target price on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, July 16th. Zacks Research raised Solstice Advanced Mat from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 3rd. Morgan Stanley cut Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Finally, Truist Financial set a $75.00 price objective on Solstice Advanced Mat and gave the stock a “buy” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Solstice Advanced Mat presently has an average rating of “Moderate Buy” and an average price target of $78.25.

Read Our Latest Stock Analysis on SOLS

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $62.65 on Friday. The stock has a market cap of $9.95 billion and a P/E ratio of 35.40. The company’s 50-day simple moving average is $69.98 and its 200 day simple moving average is $74.81. 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.

Solstice Advanced Mat (NASDAQ:SOLS – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.09. The firm had revenue of $1.15 billion during 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. As a group, research analysts forecast that Solstice Advanced Mat will post 2.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of large investors have recently bought and sold shares of the business. Folger Nolan Fleming Douglas Capital Management Inc. boosted its stake in Solstice Advanced Mat by 3.3% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock worth $343,000 after purchasing an additional 146 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Solstice Advanced Mat in the second quarter valued at $27,000. Global Trust Asset Management LLC bought a new position in shares of Solstice Advanced Mat in the first quarter valued at about $26,000. Compass Financial Management LLC bought a new position in shares of Solstice Advanced Mat in the second quarter valued at about $28,000. Finally, Princeton Global Asset Management LLC bought a new position in shares of Solstice Advanced Mat in the first quarter valued at about $27,000.

Solstice Advanced Mat Company Profile

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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.

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