Solstice Advanced Mat’s (SOLS) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada reaffirmed their outperform rating on shares of Solstice Advanced Mat (NASDAQ:SOLS) in a report published on Wednesday,Benzinga reports. They currently have a $82.00 price target on the stock.

Other analysts also recently issued research reports about the company. Zacks Research downgraded Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. TD Cowen started coverage on Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price objective for the company. Jefferies Financial Group began coverage on Solstice Advanced Mat in a research note on Thursday, September 3rd. They set a “buy” rating and a $86.00 target price for the company. Vertical Research raised Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a report on Wednesday, July 22nd. Finally, Morgan Stanley cut shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Solstice Advanced Mat currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.56.

Solstice Advanced Mat Trading Up 1.3%

Solstice Advanced Mat stock opened at $57.70 on Wednesday. The firm has a 50 day simple moving average of $59.56 and a 200-day simple moving average of $71.43. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.46 and a quick ratio of 1.08. The stock has a market capitalization of $9.17 billion and a PE ratio of 32.60. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its 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 firm had revenue of $1.15 billion for 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. As a group, equities research analysts expect that Solstice Advanced Mat will post 2.87 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Thursday, August 27th were given a dividend of $0.0750 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, August 27th. Solstice Advanced Mat’s dividend payout ratio is 16.95%.

Institutional Investors Weigh In On Solstice Advanced Mat

Large investors have recently modified their holdings of the stock. Westerkirk Capital Inc. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $25,000. Global Trust Asset Management LLC acquired a new position in shares of Solstice Advanced Mat in the 1st quarter valued at $26,000. Princeton Global Asset Management LLC purchased a new position in Solstice Advanced Mat in the 1st quarter worth about $27,000. Manning & Napier Advisors LLC purchased a new position in Solstice Advanced Mat in the 2nd quarter worth about $27,000. Finally, Compass Financial Management LLC acquired a new stake in Solstice Advanced Mat during the 2nd quarter worth about $28,000.

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.