Solstice Advanced Mat (NASDAQ:SOLS) Receives Average Recommendation of “Hold” from Brokerages

Shares of Solstice Advanced Mat (NASDAQ:SOLS) have earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $59.40.

Several equities research analysts have recently commented on SOLS shares. Royal Bank Of Canada upgraded Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 20th. UBS Group set a $75.00 price target on Solstice Advanced Mat in a research report on Thursday. Alembic Global Advisors began coverage on Solstice Advanced Mat in a research report on Monday, December 1st. They set an “overweight” rating and a $60.00 price objective on the stock. Vertical Research upgraded Solstice Advanced Mat from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research note on Wednesday, January 7th. Finally, Weiss Ratings initiated coverage on shares of Solstice Advanced Mat in a report on Thursday, January 15th. They set a “sell (d+)” rating on the stock.

Solstice Advanced Mat Stock Down 2.9%

Shares of SOLS stock opened at $61.77 on Friday. Solstice Advanced Mat has a 12 month low of $40.43 and a 12 month high of $66.05. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.93. The firm’s 50 day simple moving average is $52.35.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System purchased a new position in shares of Solstice Advanced Mat in the fourth quarter valued at about $8,189,000. North Star Investment Management Corp. bought a new stake in Solstice Advanced Mat during the 4th quarter valued at approximately $122,000. Laurel Wealth Advisors LLC purchased a new position in Solstice Advanced Mat in the 4th quarter worth approximately $86,000. State of New Jersey Common Pension Fund D bought a new position in Solstice Advanced Mat in the 4th quarter worth approximately $2,821,000. Finally, US Bancorp DE bought a new position in Solstice Advanced Mat in the 4th quarter worth approximately $7,851,000.

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.