Brokerages Set Solstice Advanced Mat (NASDAQ:SOLS) Price Target at $59.40

Solstice Advanced Mat (NASDAQ:SOLS) has received an average rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $59.40.

A number of equities research analysts have recently issued reports on the company. Royal Bank Of Canada upgraded Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 20th. UBS Group set a $75.00 target price on Solstice Advanced Mat in a report on Thursday, January 29th. Wall Street Zen downgraded Solstice Advanced Mat from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Mizuho began coverage on shares of Solstice Advanced Mat in a research report on Friday, October 31st. They set a “neutral” rating and a $54.00 price target on the stock. Finally, Zacks Research raised shares of Solstice Advanced Mat to a “hold” rating in a report on Friday, January 23rd.

Solstice Advanced Mat Stock Up 2.9%

Shares of NASDAQ SOLS opened at $66.26 on Friday. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.53 and a quick ratio of 0.93. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $66.84. The company’s 50-day simple moving average is $53.11.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. purchased a new position in Solstice Advanced Mat in the fourth quarter worth approximately $893,275,000. UBS Group AG acquired a new position in shares of Solstice Advanced Mat in the 4th quarter valued at $130,269,000. Principal Financial Group Inc. purchased a new position in shares of Solstice Advanced Mat during the 4th quarter worth $36,682,000. Teacher Retirement System of Texas acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $22,277,000. Finally, Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Solstice Advanced Mat during the 4th quarter worth about $20,987,000.

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.