Solstice Advanced Mat (NASDAQ:SOLS) Upgraded to “Strong-Buy” at Barclays

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

A number of other analysts have also commented on the company. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 target price for the company in a research report on Wednesday, July 22nd. Zacks Research lowered Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Wall Street Zen cut Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. Morgan Stanley cut Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Finally, BMO Capital Markets reduced their price target on shares of 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. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Solstice Advanced Mat has a consensus rating of “Moderate Buy” and an average price target of $77.60.

Solstice Advanced Mat Stock Performance

Shares of SOLS stock opened at $60.13 on Monday. The firm has a 50 day moving average of $59.63 and a 200-day moving average of $70.71. The company has a market cap of $9.55 billion and a price-to-earnings ratio of 33.97. 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 has a 52 week low of $40.43 and a 52 week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $1.15 billion for 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. On average, equities analysts forecast that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

Hedge Funds Weigh In On Solstice Advanced Mat

Several large investors have recently added to or reduced their stakes in SOLS. First Citizens Bank & Trust Co. increased its holdings in Solstice Advanced Mat by 329.5% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 10,420 shares of the company’s stock worth $587,000 after purchasing an additional 7,994 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of Solstice Advanced Mat by 23.2% in the third quarter. Salem Investment Counselors Inc. now owns 139,517 shares of the company’s stock valued at $7,858,000 after purchasing an additional 26,266 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in shares of Solstice Advanced Mat by 59.4% in the third quarter. Copeland Capital Management LLC now owns 344,913 shares of the company’s stock valued at $19,426,000 after purchasing an additional 128,547 shares in the last quarter. Cascade Investment Group Inc. purchased a new position in shares of Solstice Advanced Mat during the third quarter valued at approximately $381,000. Finally, Avior Wealth Management LLC purchased a new position in shares of Solstice Advanced Mat during the third quarter valued at approximately $215,000.

About Solstice Advanced Mat

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.