Solstice Advanced Mat (NASDAQ:SOLS) Rating Increased to Buy at Truist Financial

Solstice Advanced Mat (NASDAQ:SOLS) was upgraded by Truist Financial from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday, MarketBeat.com reports. The brokerage currently has a $48.00 target price on the stock. Truist Financial’s price objective points to a potential downside of 21.32% from the stock’s current price.

Several other research firms have also weighed in on SOLS. TD Cowen assumed coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They set a “hold” rating and a $90.00 price objective for the company. BMO Capital Markets boosted their target price on Solstice Advanced Mat from $92.00 to $101.00 and gave the stock an “outperform” rating in a report on Friday, June 5th. Royal Bank Of Canada increased their price target on Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Solstice Advanced Mat in a report on Friday, May 22nd. Finally, Vertical Research downgraded Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective for the company. in a research report on Thursday, May 14th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $84.25.

Solstice Advanced Mat Stock Performance

Shares of NASDAQ:SOLS opened at $61.01 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 1.43 and a quick ratio of 1.02. The business’s fifty day moving average price is $82.16 and its two-hundred day moving average price is $73.56. Solstice Advanced Mat has a fifty-two week low of $40.43 and a fifty-two week high of $90.80. The stock has a market capitalization of $9.69 billion and a price-to-earnings ratio of 68.55.

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 analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $991.00 million for the quarter, compared to the consensus estimate of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, analysts predict that Solstice Advanced Mat will post 2.64 EPS for the current fiscal year.

Institutional Investors Weigh In On Solstice Advanced Mat

Several hedge funds and other institutional investors have recently made changes to their positions in SOLS. Wesbanco Bank Inc. bought a new stake in Solstice Advanced Mat during the 4th quarter worth about $649,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Solstice Advanced Mat during the 4th quarter valued at $4,796,000. Nwam LLC acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $1,253,000. Fifth Third Bancorp acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $4,424,000. Finally, Olstein Capital Management L.P. acquired a new stake in shares of Solstice Advanced Mat during the fourth quarter worth $2,803,000.

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.