Solstice Advanced Mat (NASDAQ:SOLS) Stock Has Consensus Price Target of $77.30

Key Points

• Analysts maintain a Moderate Buy consensus on Solstice Advanced Materials, with eight buy ratings, four holds and one strong buy. The average 12-month price target is $77.30, implying potential upside from the stock’s $58.93 opening price.
• Recent analyst actions were mixed: UBS and Mizuho lowered their price targets to $76 and $65, respectively, while Zacks and Weiss downgraded their ratings; Vertical Research upgraded the stock to buy with a $79 target.
• SOLS has a $9.36 billion market capitalization and trades below both its 50-day and 200-day moving averages. Several institutional investors also recently initiated positions in the company.

Solstice Advanced Mat (NASDAQ:SOLS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $77.30.

Several research firms recently weighed in on SOLS. Zacks Research downgraded Solstice Advanced Mat from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 28th. Weiss Ratings downgraded Solstice Advanced Mat from a "hold (c)" rating to a "hold (c-)" rating in a research report on Friday, October 9th. UBS Group lowered their target price on Solstice Advanced Mat from $80.00 to $76.00 and set a "buy" rating on the stock in a report on Monday, October 5th. Mizuho dropped their price target on Solstice Advanced Mat from $70.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, October 1st. Finally, Vertical Research raised Solstice Advanced Mat from a "hold" rating to a "buy" rating and set a $79.00 price target for the company in a research note on Wednesday, July 22nd.

Solstice Advanced Mat Stock Down 2.7%

SOLS stock opened at $58.93 on Tuesday. Solstice Advanced Mat has a one year low of $40.43 and a one year high of $90.80. The company has a fifty day moving average of $59.77 and a 200-day moving average of $69.97. The stock has a market capitalization of $9.36 billion and a PE ratio of 33.29. The company has a debt-to-equity ratio of 1.30, a quick ratio of 1.08 and a current ratio of 1.46.

Institutional Investors Weigh In On Solstice Advanced Mat

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Manning & Napier Advisors LLC acquired a new stake in shares of Solstice Advanced Mat during the 2nd quarter valued at approximately $27,000. Compass Financial Management LLC acquired a new stake in shares of Solstice Advanced Mat in the 2nd quarter worth approximately $28,000. Philadelphia Investment Partners LLC acquired a new stake in shares of Solstice Advanced Mat in the 2nd quarter worth approximately $34,000. Westfuller Advisors LLC acquired a new stake in shares of Solstice Advanced Mat in the 1st quarter worth approximately $36,000. Finally, Pilgrim Partners Asia Pte Ltd purchased a new position in Solstice Advanced Mat in the 3rd quarter valued at approximately $27,000.

Solstice Advanced Mat Company Profile

Solstice Advanced Materials, Inc NASDAQ: SOLS is a specialty materials company that develops and manufactures engineered materials and chemical technologies for industrial and commercial applications. The company was established as an independent public company following the separation of Honeywell's Advanced Materials business.

Its portfolio includes fluorine-based products, specialty films, advanced fibers, resins, additives, and other performance materials. These products are used in areas such as refrigeration and air conditioning, healthcare and pharmaceutical packaging, electronics and semiconductors, transportation, aerospace, and protective equipment.

Solstice Advanced Materials serves customers across global markets through a portfolio that includes Solstice refrigerants and blowing agents, Aclar specialty pharmaceutical films, and Spectra high-performance fibers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.