Solstice Advanced Mat (NASDAQ:SOLS) Receives $67.20 Average Price Target from Brokerages

Solstice Advanced Mat (NASDAQ:SOLS) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $73.60.

A number of equities analysts recently issued reports on the stock. Vertical Research downgraded shares of Solstice Advanced Mat from a “buy” rating to a “hold” rating and set a $90.00 price objective on the stock. in a report on Thursday. Wall Street Zen raised shares of Solstice Advanced Mat from a “sell” rating to a “hold” rating in a report on Sunday, May 3rd. Royal Bank Of Canada raised shares of Solstice Advanced Mat from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 20th. Weiss Ratings raised shares of Solstice Advanced Mat from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, February 23rd. Finally, Mizuho set a $80.00 price target on shares of Solstice Advanced Mat in a report on Friday, February 13th.

Hedge Funds Weigh In On Solstice Advanced Mat

Several large investors have recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in shares of Solstice Advanced Mat in the first quarter worth $26,000. Princeton Global Asset Management LLC purchased a new position in shares of Solstice Advanced Mat in the first quarter worth $27,000. Westfuller Advisors LLC purchased a new position in shares of Solstice Advanced Mat in the first quarter worth $36,000. Darwin Wealth Management LLC purchased a new position in shares of Solstice Advanced Mat in the first quarter worth $37,000. Finally, Westerkirk Capital Inc. purchased a new position in shares of Solstice Advanced Mat in the fourth quarter worth $25,000.

Solstice Advanced Mat Trading Down 2.0%

SOLS opened at $85.11 on Tuesday. The company has a debt-to-equity ratio of 1.40, a quick ratio of 1.02 and a current ratio of 1.43. The stock has a market capitalization of $13.52 billion and a P/E ratio of 95.63. The business has a 50 day simple moving average of $78.31. Solstice Advanced Mat has a 12-month low of $40.43 and a 12-month high of $90.80.

Solstice Advanced Mat (NASDAQ:SOLS) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The business had revenue of $991.00 million during the quarter, compared to analysts’ expectations of $1.01 billion. Solstice Advanced Mat has set its FY 2026 guidance at 2.450-2.750 EPS. As a group, analysts predict that Solstice Advanced Mat will post 2.61 EPS for the current fiscal year.

Solstice Advanced Mat Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Wednesday, May 27th will be issued a dividend of $0.075 per share. The ex-dividend date of this dividend is Wednesday, May 27th. This represents a $0.30 annualized dividend and a yield of 0.4%. Solstice Advanced Mat’s payout ratio is currently 33.71%.

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.