UL Solutions Inc. (NYSE:ULS) Receives $40.80 Consensus Price Target from Brokerages

by · The Cerbat Gem

UL Solutions Inc. (NYSE:ULS – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.80.

ULS has been the topic of a number of recent research reports. Bank of America started coverage on shares of UL Solutions in a research note on Tuesday, May 7th. They issued a “buy” rating and a $42.00 price objective on the stock. Citigroup initiated coverage on UL Solutions in a research note on Tuesday, May 7th. They set a “buy” rating and a $41.00 price objective for the company. Baird R W raised UL Solutions to a “strong-buy” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group assumed coverage on UL Solutions in a report on Tuesday, May 7th. They issued a “neutral” rating and a $39.00 target price on the stock. Finally, William Blair started coverage on UL Solutions in a report on Tuesday, May 7th. They set an “outperform” rating for the company.

View Our Latest Research Report on UL Solutions

Insider Activity

In related news, Director James M. Shannon acquired 7,142 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were purchased at an average price of $28.00 per share, with a total value of $199,976.00. Following the completion of the acquisition, the director now owns 7,142 shares in the company, valued at $199,976. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, insider Weifang Zhou purchased 26,786 shares of the business’s stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, with a total value of $750,008.00. Following the purchase, the insider now directly owns 26,786 shares of the company’s stock, valued at approximately $750,008. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James M. Shannon acquired 7,142 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $199,976.00. Following the completion of the transaction, the director now directly owns 7,142 shares in the company, valued at $199,976. The disclosure for this purchase can be found here. Insiders purchased 199,997 shares of company stock worth $5,599,916 in the last 90 days.

UL Solutions Price Performance

UL Solutions stock opened at $42.19 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.27. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $43.85. The firm has a 50-day moving average price of $38.43.

UL Solutions (NYSE:ULS – Get Free Report) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $670.00 million during the quarter, compared to analyst estimates of $667.66 million. On average, research analysts anticipate that UL Solutions will post 1.45 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 3rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.50 annualized dividend and a dividend yield of 1.19%.

UL Solutions Company Profile

(Get Free Report

UL Solutions Inc provides safety science services worldwide. It operates through three segments: Industrial, Consumer, and Software and Advisory. The Industrial segment provides testing, inspection, and certification services across various end markets, including energy, industrial automation, engineered materials, and built environment, as well as stakeholders, such as manufacturers, building owners, end users, and regulators.

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