Solstice Advanced Mat (NASDAQ:SOLS) Stock Has Average Price Target of $77.30

Solstice Advanced Mat (NASDAQ:SOLS) has received an average recommendation of “Moderate Buy” from the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $77.30.

A number of research firms recently commented on SOLS. Barclays initiated coverage on Solstice Advanced Mat in a research report on Monday, October 12th. They set an “overweight” rating and a $73.00 price objective for the company. Seaport Research Partners assumed coverage on shares of Solstice Advanced Mat in a research report on Wednesday, October 7th. They set a “buy” rating and a $80.00 target price for the company. Truist Financial set a $75.00 price target on Solstice Advanced Mat and gave the stock a “buy” rating in a research report on Thursday, July 9th. BMO Capital Markets restated an “outperform” rating and issued a $87.00 price target on shares of Solstice Advanced Mat in a report on Wednesday, October 21st. Finally, Morgan Stanley downgraded shares of Solstice Advanced Mat to a “buy” rating in a research report on Monday, July 13th.

Institutional Investors Weigh In On Solstice Advanced Mat

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State Street Corp acquired a new stake in shares of Solstice Advanced Mat during the second quarter valued at about $448,557,000. Bank of America Corp DE acquired a new position in shares of Solstice Advanced Mat in the second quarter worth about $153,615,000. Anchor Capital Advisors LLC purchased a new position in Solstice Advanced Mat in the second quarter valued at about $55,866,000. Alyeska Investment Group L.P. purchased a new position in Solstice Advanced Mat in the second quarter valued at about $49,768,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Solstice Advanced Mat during the 2nd quarter valued at approximately $44,991,000.

Solstice Advanced Mat Price Performance

Solstice Advanced Mat stock opened at $58.93 on Tuesday. Solstice Advanced Mat has a 52 week low of $40.43 and a 52 week high of $90.80. 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 $59.77 and its 200 day simple moving average is $69.97. The firm has a market capitalization of $9.36 billion and a PE ratio of 33.29.

About Solstice Advanced Mat

Solstice Advanced Materials, Inc (NASDAQ:SOLS) is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell’s Advanced Materials business.

Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.

Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.