Solstice Advanced Mat (NASDAQ:SOLS) Price Target Raised to $101.00 at BMO Capital Markets

Solstice Advanced Mat (NASDAQ:SOLS) had its price objective upped by stock analysts at BMO Capital Markets from $92.00 to $101.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 20.05% from the stock’s current price.

A number of other brokerages also recently commented on SOLS. Mizuho set a $80.00 target price on Solstice Advanced Mat in a research note on Friday, February 13th. Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price for the company. in a research note on Thursday, May 14th. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. UBS Group lifted their target price on Solstice Advanced Mat to $88.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Hold” and a consensus price target of $78.17.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $84.13 on Friday. 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 business has a 50 day moving average of $81.24 and a two-hundred day moving average of $67.75. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. The company has a market cap of $13.36 billion and a P/E ratio of 94.53.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its earnings results on Wednesday, May 6th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million during the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, analysts anticipate that Solstice Advanced Mat will post 2.61 EPS for the current year.

Hedge Funds Weigh In On Solstice Advanced Mat

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Associated Banc Corp boosted its position in shares of Solstice Advanced Mat by 10.1% during the first quarter. Associated Banc Corp now owns 7,113 shares of the company’s stock worth $542,000 after buying an additional 654 shares during the period. Carnegie Investment Counsel acquired a new position in shares of Solstice Advanced Mat during the first quarter worth approximately $2,628,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of Solstice Advanced Mat by 6.3% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 41,775 shares of the company’s stock worth $3,182,000 after buying an additional 2,480 shares during the period. Citizens Financial Group Inc. RI acquired a new position in shares of Solstice Advanced Mat during the first quarter worth approximately $685,000. Finally, Fifth Third Bancorp boosted its position in shares of Solstice Advanced Mat by 38.5% during the first quarter. Fifth Third Bancorp now owns 126,175 shares of the company’s stock worth $9,609,000 after buying an additional 35,102 shares during the period.

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.