Mizuho Has Lowered Expectations for Solstice Advanced Mat (NASDAQ:SOLS) Stock Price

Solstice Advanced Mat (NASDAQ:SOLS) had its target price cut by equities researchers at Mizuho from $70.00 to $65.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price objective indicates a potential upside of 16.46% from the company’s previous close.

Several other analysts also recently weighed in on the company. BMO Capital Markets dropped their price objective on Solstice Advanced Mat from $101.00 to $90.00 and set an “outperform” rating for the company in a research report on Thursday, July 16th. Morgan Stanley downgraded Solstice Advanced Mat to a “buy” rating in a research note on Monday, July 13th. Royal Bank Of Canada restated an “outperform” rating and issued a $82.00 price target on shares of Solstice Advanced Mat in a research note on Wednesday. UBS Group lifted their price target on shares of Solstice Advanced Mat from $78.00 to $80.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of Solstice Advanced Mat from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, July 21st. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.56.

Solstice Advanced Mat Price Performance

Solstice Advanced Mat stock traded down $0.51 during trading hours on Thursday, reaching $55.81. 494,291 shares of the stock were exchanged, compared to its average volume of 2,850,166. The company has a current ratio of 1.46, a quick ratio of 1.08 and a debt-to-equity ratio of 1.30. Solstice Advanced Mat has a twelve month low of $40.43 and a twelve month high of $90.80. The company has a market cap of $8.87 billion and a P/E ratio of 31.51. The stock has a 50 day moving average of $59.69 and a two-hundred day moving average of $71.64.

Solstice Advanced Mat (NASDAQ:SOLS) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.88 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.15 billion for the quarter. Solstice Advanced Mat has set its FY 2026 guidance at 2.750-2.950 EPS. Equities analysts expect that Solstice Advanced Mat will post 2.88 EPS for the current fiscal year.

Institutional Trading of Solstice Advanced Mat

Several institutional investors have recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. bought a new stake in shares of Solstice Advanced Mat in the 2nd quarter valued at about $618,000. Envestnet Asset Management Inc. acquired a new position in shares of Solstice Advanced Mat in the second quarter worth approximately $17,495,000. State Street Corp bought a new stake in Solstice Advanced Mat in the second quarter valued at approximately $448,557,000. Revere Asset Management Inc bought a new stake in Solstice Advanced Mat in the second quarter valued at approximately $328,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Solstice Advanced Mat during the 2nd quarter valued at approximately $24,292,000.

Solstice Advanced Mat Company Profile

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.