Solstice Advanced Mat (NASDAQ:SOLS) Upgraded to Strong-Buy at Barclays

Barclays upgraded shares of Solstice Advanced Mat (NASDAQ:SOLS) to a strong-buy rating in a report issued on Monday,Zacks reports.

Several other equities analysts have also weighed in on the company. Vertical Research upgraded 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. Mizuho decreased their price target on Solstice Advanced Mat from $70.00 to $65.00 and set a “neutral” rating for the company in a research note on Thursday, October 1st. Morgan Stanley downgraded Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. UBS Group lowered their price objective on Solstice Advanced Mat from $80.00 to $76.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, Seaport Research Partners assumed coverage on Solstice Advanced Mat in a report on Wednesday, October 7th. They set a “buy” rating and a $80.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $77.60.

Solstice Advanced Mat Stock Down 1.3%

Solstice Advanced Mat stock opened at $60.13 on Monday. The company has a market capitalization of $9.55 billion and a P/E ratio of 33.97. The firm’s fifty day simple moving average is $59.63 and its 200-day simple moving average is $70.71. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. Solstice Advanced Mat has a 1-year low of $40.43 and a 1-year high of $90.80.

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

Institutional Trading of Solstice Advanced Mat

Large investors have recently modified their holdings of the company. State Street Corp bought a new position in Solstice Advanced Mat during the second quarter worth $448,557,000. Madison Avenue Partners LP acquired a new position in Solstice Advanced Mat during the 4th quarter valued at $135,172,000. Bank of America Corp DE acquired a new position in Solstice Advanced Mat during the 2nd quarter valued at $153,615,000. Castle Hook Partners LP bought a new stake in Solstice Advanced Mat in the 4th quarter valued at $57,828,000. Finally, Anchor Capital Advisors LLC bought a new stake in Solstice Advanced Mat in the 2nd quarter valued at $55,866,000.

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.