Solstice Advanced Mat (NASDAQ:SOLS) Downgraded to Hold Rating by Vertical Research

Solstice Advanced Mat (NASDAQ:SOLS) was downgraded by stock analysts at Vertical Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, MarketBeat reports. They presently have a $90.00 price objective on the stock. Vertical Research’s target price points to a potential upside of 1.61% from the company’s current price.

A number of other equities analysts have also recently weighed in on the company. Zacks Research raised Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd. Royal Bank Of Canada raised Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a research note on Friday, February 13th. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Finally, Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Two analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $73.60.

Solstice Advanced Mat Stock Performance

Shares of NASDAQ:SOLS opened at $88.57 on Thursday. The stock has a market capitalization of $14.06 billion and a price-to-earnings ratio of 340.65. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80. The stock has a fifty day moving average of $77.85.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. On average, sell-side analysts forecast that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Institutional Trading of Solstice Advanced Mat

Several hedge funds and other institutional investors have recently bought and sold shares of SOLS. Wesbanco Bank Inc. bought a new position in Solstice Advanced Mat in the fourth quarter worth $649,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $4,796,000. Nwam LLC purchased a new stake in shares of Solstice Advanced Mat in the 4th quarter worth about $1,253,000. Davidson Investment Advisors bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $5,485,000. Finally, Fifth Third Bancorp bought a new position in shares of Solstice Advanced Mat in the 4th quarter worth about $4,424,000.

About Solstice Advanced Mat

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.