Solstice Advanced Mat (NASDAQ:SOLS) Price Target Cut to $65.00 by Analysts at Mizuho

Solstice Advanced Mat (NASDAQ:SOLS) had its price target dropped by equities researchers at Mizuho from $70.00 to $65.00 in a report released on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 16.46% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Wall Street Zen cut Solstice Advanced Mat from a “buy” rating to a “hold” rating in a report on Saturday, August 29th. BMO Capital Markets lowered their price objective on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating for the company in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $82.00 target price on shares of Solstice Advanced Mat in a research note on Wednesday. Finally, TD Cowen began coverage on shares of Solstice Advanced Mat in a report on Monday, June 8th. They issued a “hold” rating and a $90.00 price target for the company. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Solstice Advanced Mat presently has a consensus rating of “Moderate Buy” and an average target price of $78.56.

Solstice Advanced Mat Trading Down 0.9%

Solstice Advanced Mat stock traded down $0.51 during trading hours on Thursday, reaching $55.81. 494,291 shares of the company’s stock were exchanged, compared to its average volume of 2,850,166. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 1.30. The firm’s 50 day simple moving average is $59.69 and its 200 day simple moving average is $71.64. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The firm has a market capitalization of $8.87 billion and a PE ratio of 31.51.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its earnings results on Thursday, July 30th. The company reported $0.88 EPS 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 company had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Research analysts predict that Solstice Advanced Mat will post 2.88 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. State Street Corp bought a new position in Solstice Advanced Mat during the 2nd quarter valued at $448,557,000. Madison Avenue Partners LP purchased a new position in Solstice Advanced Mat during the fourth quarter worth about $135,172,000. Norges Bank bought a new stake in Solstice Advanced Mat in the 4th quarter worth about $128,368,000. Geode Capital Management LLC purchased a new stake in Solstice Advanced Mat in the 4th quarter valued at about $110,395,000. Finally, Bank of America Corp DE bought a new position in shares of Solstice Advanced Mat during the 2nd quarter worth approximately $153,615,000.

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.