Solstice Advanced Mat (NASDAQ:SOLS) Upgraded at Barclays

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

Several other equities research analysts also recently issued reports on SOLS. Weiss Ratings downgraded Solstice Advanced Mat from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, October 9th. Wall Street Zen cut Solstice Advanced Mat from a “buy” rating to a “hold” rating in a research report on Saturday, August 29th. UBS Group cut their price objective on Solstice Advanced Mat from $80.00 to $76.00 and set a “buy” rating for the company in a research report on Monday, October 5th. Zacks Research downgraded Solstice Advanced Mat from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Seaport Research Partners initiated coverage on Solstice Advanced Mat in a report on Wednesday, October 7th. They issued a “buy” rating and a $80.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.60.

Solstice Advanced Mat Stock Performance

Shares of SOLS opened at $60.13 on Monday. The company has a market capitalization of $9.55 billion and a PE ratio of 33.97. 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 1.30, a current ratio of 1.46 and a quick ratio of 1.08. The company’s fifty day moving average price is $59.63 and its 200 day moving average price is $70.71.

Solstice Advanced Mat (NASDAQ:SOLS) last released its earnings results on Thursday, July 30th. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. Solstice Advanced Mat had a net margin of 5.13% and a return on equity of 14.28%. The firm had revenue of $1.15 billion during the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. As a group, analysts expect that Solstice Advanced Mat will post 2.87 earnings per share for the current year.

Hedge Funds Weigh In On Solstice Advanced Mat

A number of institutional investors and hedge funds have recently bought and sold shares of SOLS. State Street Corp acquired a new stake in Solstice Advanced Mat in the 2nd quarter worth $448,557,000. Madison Avenue Partners LP bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $135,172,000. Bank of America Corp DE bought a new position in shares of Solstice Advanced Mat during the 2nd quarter worth about $153,615,000. Castle Hook Partners LP bought a new position in shares of Solstice Advanced Mat during the 4th quarter worth about $57,828,000. Finally, Anchor Capital Advisors LLC acquired a new position in shares of Solstice Advanced Mat during the second quarter valued at about $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.