BMO Capital Markets Cuts Solstice Advanced Mat (NASDAQ:SOLS) Price Target to $90.00

Solstice Advanced Mat (NASDAQ:SOLS) had its price target decreased by BMO Capital Markets from $101.00 to $90.00 in a report published on Thursday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

SOLS has been the topic of several other reports. Mizuho lowered their price target on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating on the stock in a research note on Wednesday. Weiss Ratings restated a “hold (c)” rating on shares of Solstice Advanced Mat in a research note on Friday, May 22nd. Wall Street Zen upgraded Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Truist Financial set a $75.00 target price on Solstice Advanced Mat and gave the company a “buy” rating in a research report on Thursday, July 9th. Finally, Morgan Stanley downgraded Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $81.88.

Solstice Advanced Mat Price Performance

NASDAQ SOLS opened at $58.38 on Thursday. The firm’s 50 day moving average is $79.48 and its 200-day moving average is $73.94. The company has a quick ratio of 1.02, a current ratio of 1.43 and a debt-to-equity ratio of 1.40. The company has a market capitalization of $9.27 billion and a PE ratio of 65.60. 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 Wednesday, May 6th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million for the quarter, compared to analyst estimates of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. Equities research analysts anticipate that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 27th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, August 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Institutional Trading of Solstice Advanced Mat

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Folger Nolan Fleming Douglas Capital Management Inc. lifted its stake in Solstice Advanced Mat by 3.3% in the first quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock valued at $343,000 after acquiring an additional 146 shares during the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Solstice Advanced Mat during the 1st quarter worth about $26,000. Princeton Global Asset Management LLC acquired a new position in shares of Solstice Advanced Mat during the 1st quarter worth about $27,000. Westfuller Advisors LLC acquired a new position in shares of Solstice Advanced Mat during the 1st quarter worth about $36,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Solstice Advanced Mat in the 1st quarter valued at about $37,000.

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.