Solstice Advanced Mat (NASDAQ:SOLS) Given New $90.00 Price Target at BMO Capital Markets

Solstice Advanced Mat (NASDAQ:SOLS) had its price objective trimmed by BMO Capital Markets from $101.00 to $90.00 in a research note published on Thursday,Benzinga reports. The firm currently has an outperform rating on the stock.

Other equities analysts have also issued reports about the company. Vertical Research lowered Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 target price on the stock. in a research report on Thursday, May 14th. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Morgan Stanley lowered shares of Solstice Advanced Mat to a “buy” rating in a research note on Monday. Royal Bank Of Canada upped their price objective on shares of Solstice Advanced Mat from $100.00 to $102.00 and gave the stock an “outperform” rating in a report on Tuesday, June 30th. Finally, UBS Group raised shares of Solstice Advanced Mat from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $88.00 to $78.00 in a research note on Monday. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $81.88.

Solstice Advanced Mat Price Performance

Shares of NASDAQ:SOLS opened at $58.24 on Thursday. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. 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 company has a market cap of $9.25 billion and a price-to-earnings ratio of 65.44. The firm has a 50 day simple moving average of $79.87 and a 200 day simple moving average of $74.05.

Solstice Advanced Mat (NASDAQ:SOLS) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The business had revenue of $991.00 million during 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. Research analysts predict that Solstice Advanced Mat will post 2.64 earnings per share for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Wednesday, May 27th were paid a $0.075 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $0.30 annualized dividend and a dividend yield of 0.5%. Solstice Advanced Mat’s dividend payout ratio is 33.71%.

Institutional Investors Weigh In On Solstice Advanced Mat

Institutional investors have recently bought and sold shares of the stock. Folger Nolan Fleming Douglas Capital Management Inc. boosted its holdings in Solstice Advanced Mat by 3.3% in the 1st quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 4,509 shares of the company’s stock worth $343,000 after buying an additional 146 shares during the period. Global Trust Asset Management LLC bought a new stake in Solstice Advanced Mat during the 1st quarter valued at $26,000. Princeton Global Asset Management LLC bought a new stake in Solstice Advanced Mat during the 1st quarter valued at $27,000. Westfuller Advisors LLC purchased a new stake in shares of Solstice Advanced Mat during the first quarter worth $36,000. Finally, Darwin Wealth Management LLC purchased a new stake in shares of Solstice Advanced Mat during the first quarter worth $37,000.

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.