BMO Capital Markets Has Lowered Expectations for Solstice Advanced Mat (NASDAQ:SOLS) Stock Price

Solstice Advanced Mat (NASDAQ:SOLS) had its price target reduced by equities researchers at BMO Capital Markets from $101.00 to $90.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective suggests a potential upside of 47.47% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Mizuho dropped their price target on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a research report on Wednesday. TD Cowen initiated coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective on the stock. Morgan Stanley cut shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday. Truist Financial set a $75.00 target price on shares of Solstice Advanced Mat and gave the company a “buy” rating in a report on Thursday, July 9th. Finally, UBS Group raised Solstice Advanced Mat from a “neutral” rating to a “buy” rating and cut their target price for the company from $88.00 to $78.00 in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $81.88.

Solstice Advanced Mat Stock Performance

NASDAQ SOLS opened at $61.03 on Thursday. The stock has a fifty day simple moving average of $80.26 and a 200-day simple moving average of $73.99. The company has a current ratio of 1.43, a quick ratio of 1.02 and a debt-to-equity ratio of 1.40. The stock has a market cap of $9.69 billion and a PE ratio of 68.57. 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 issued its quarterly earnings data 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 company had revenue of $991.00 million during 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. Equities analysts anticipate that Solstice Advanced Mat will post 2.66 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Wesbanco Bank Inc. purchased a new stake in shares of Solstice Advanced Mat during the 4th quarter worth $649,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Solstice Advanced Mat in the 4th quarter valued at about $4,796,000. Fifth Third Bancorp acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $4,424,000. Nwam LLC acquired a new stake in shares of Solstice Advanced Mat in the fourth quarter valued at about $1,253,000. Finally, Blue Trust Inc. purchased a new stake in Solstice Advanced Mat during the fourth quarter worth about $324,000.

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.