Solstice Advanced Mat (NASDAQ:SOLS) Stock Rating Lowered by Zacks Research

Solstice Advanced Mat (NASDAQ:SOLS) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday, Zacks reports.

Other research analysts have also recently issued research reports about the stock. Royal Bank Of Canada cut their price objective on shares of Solstice Advanced Mat from $102.00 to $82.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Truist Financial set a $75.00 price target on shares of Solstice Advanced Mat and gave the stock a “buy” rating in a research note on Thursday, July 9th. BMO Capital Markets cut their price target on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, July 16th. Morgan Stanley downgraded shares of Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Finally, Wall Street Zen lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $79.11.

Solstice Advanced Mat Price Performance

SOLS stock opened at $56.01 on Monday. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week 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. The company has a fifty day simple moving average of $59.78 and a two-hundred day simple moving average of $71.75. The firm has a market capitalization of $8.90 billion and a P/E ratio of 31.64.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.88 EPS for the quarter, topping the consensus estimate 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. Analysts anticipate that Solstice Advanced Mat will post 2.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Solstice Advanced Mat

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp bought a new stake in shares of Solstice Advanced Mat during the second quarter valued at approximately $448,557,000. Madison Avenue Partners LP bought a new position in Solstice Advanced Mat in the fourth quarter worth approximately $135,172,000. Norges Bank purchased a new position in Solstice Advanced Mat during the 4th quarter worth $128,368,000. Geode Capital Management LLC bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth $110,395,000. Finally, Bank of America Corp DE bought a new position in shares of Solstice Advanced Mat during the 2nd quarter worth $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.