Solstice Advanced Mat (NASDAQ:SOLS) Upgraded by Vertical Research to Buy Rating

Vertical Research upgraded shares of Solstice Advanced Mat (NASDAQ:SOLS) from a hold rating to a buy rating in a report published on Wednesday, MarketBeat reports. They currently have $79.00 price objective on the stock.

Other equities analysts also recently issued research reports about the company. Royal Bank Of Canada increased their price target on Solstice Advanced Mat from $100.00 to $102.00 and gave the company an “outperform” rating in a report on Tuesday, June 30th. Mizuho reduced their price objective on shares of Solstice Advanced Mat from $95.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Morgan Stanley downgraded shares of Solstice Advanced Mat to a “buy” rating in a report on Monday, July 13th. Wall Street Zen upgraded shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, BMO Capital Markets dropped their target price on shares of Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating on the stock in a report on Thursday, July 16th. Seven 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 $80.50.

Solstice Advanced Mat Price Performance

NASDAQ SOLS opened at $60.67 on Wednesday. The firm has a market capitalization of $9.63 billion and a price-to-earnings ratio of 68.17. 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 50 day simple moving average of $77.80 and a 200-day simple moving average of $74.33. Solstice Advanced Mat has a 52-week low of $40.43 and a 52-week high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The firm had revenue of $991.00 million for 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. Equities research analysts predict that Solstice Advanced Mat will post 2.65 earnings per share for the current fiscal year.

Solstice Advanced Mat Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 27th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, August 27th. Solstice Advanced Mat’s payout ratio is presently 33.71%.

Hedge Funds Weigh In On Solstice Advanced Mat

A number of hedge funds have recently modified their holdings of the stock. Westerkirk Capital Inc. acquired a new stake in Solstice Advanced Mat in the 4th quarter valued at $25,000. DiNuzzo Private Wealth Inc. acquired a new position in Solstice Advanced Mat during the fourth quarter worth $26,000. Global Trust Asset Management LLC acquired a new position in Solstice Advanced Mat during the first quarter worth $26,000. Heritage Wealth Advisors bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at $26,000. Finally, Hoey Investments Inc. bought a new position in shares of Solstice Advanced Mat during the fourth quarter valued at $27,000.

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.