Royal Bank Of Canada Reaffirms Outperform Rating for Solstice Advanced Mat (NASDAQ:SOLS)

Solstice Advanced Mat (NASDAQ:SOLS)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a report released on Wednesday, Benzinga reports. They currently have a $82.00 price objective on the stock. Royal Bank Of Canada’s price objective points to a potential upside of 40.18% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Zacks Research lowered Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Wall Street Zen lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research note on Saturday, August 29th. TD Cowen initiated coverage on Solstice Advanced Mat in a research note on Monday, June 8th. They issued a “hold” rating and a $90.00 target price on the stock. Morgan Stanley downgraded Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Finally, BMO Capital Markets lowered their price target on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating for the company in a report on Thursday, July 16th. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $78.11.

Solstice Advanced Mat Trading Up 1.4%

NASDAQ:SOLS traded up $0.80 during mid-day trading on Wednesday, hitting $58.50. The company had a trading volume of 1,021,889 shares, compared to its average volume of 2,840,939. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The business’s fifty day moving average is $59.56 and its two-hundred day moving average is $71.42. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46. The firm has a market cap of $9.29 billion and a P/E ratio of 33.04.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.09. Solstice Advanced Mat had a return on equity of 14.28% and a net margin of 5.13%.The firm had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, research analysts expect that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SOLS. Westerkirk Capital Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter worth about $25,000. Global Trust Asset Management LLC bought a new position in shares of Solstice Advanced Mat during the first quarter worth about $26,000. Princeton Global Asset Management LLC bought a new position in shares of Solstice Advanced Mat during the first quarter worth about $27,000. Manning & Napier Advisors LLC bought a new position in shares of Solstice Advanced Mat during the second quarter worth about $27,000. Finally, Compass Financial Management LLC bought a new position in shares of Solstice Advanced Mat during the second quarter worth about $28,000.

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.