UL Solutions Inc. (NYSE:ULS) Receives Average Recommendation of “Moderate Buy” from Analysts

UL Solutions Inc. (NYSE:ULS) has received a consensus rating of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $40.80.

Several research analysts have recently issued reports on ULS shares. The Goldman Sachs Group started coverage on shares of UL Solutions in a report on Tuesday, May 7th. They issued a “neutral” rating and a $39.00 target price for the company. Jefferies Financial Group began 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 for the company. Stifel Nicolaus started coverage on UL Solutions in a research report on Tuesday, May 7th. They set a “buy” rating and a $40.00 target price on the stock. Wells Fargo & Company upped their target price on UL Solutions from $40.00 to $43.00 and gave the company an “overweight” rating in a research report on Tuesday, May 21st. Finally, UBS Group initiated coverage on UL Solutions in a research note on Tuesday, May 7th. They issued a “neutral” rating and a $38.00 price objective for the company.

Insider Activity

In other UL Solutions news, CEO Jennifer F. Scanlon bought 89,285 shares of the stock in a transaction dated Tuesday, April 16th. The stock was bought at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the purchase, the chief executive officer now directly owns 89,285 shares of the company’s stock, valued at $2,499,980. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CEO Jennifer F. Scanlon bought 89,285 shares of UL Solutions stock in a transaction on Tuesday, April 16th. The shares were bought at an average price of $28.00 per share, with a total value of $2,499,980.00. Following the acquisition, the chief executive officer now directly owns 89,285 shares in the company, valued at approximately $2,499,980. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Weifang Zhou purchased 26,786 shares of the stock in a transaction dated Tuesday, April 16th. The stock was purchased at an average price of $28.00 per share, with a total value of $750,008.00. Following the completion of the acquisition, the insider now directly owns 26,786 shares in the company, valued at approximately $750,008. The disclosure for this purchase can be found here. Insiders have bought 199,997 shares of company stock worth $5,599,916 over the last 90 days.

UL Solutions Price Performance

Shares of ULS stock opened at $40.99 on Wednesday. The firm has a 50 day simple moving average of $37.98. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.27 and a quick ratio of 1.27. UL Solutions has a 52 week low of $33.15 and a 52 week high of $43.85.

UL Solutions (NYSE:ULS) last released its earnings results on Monday, May 20th. The company reported $0.28 EPS for the quarter, hitting the consensus estimate of $0.28. The company had revenue of $670.00 million for the quarter, compared to analyst estimates of $667.66 million. As a group, analysts anticipate that UL Solutions will post 1.45 EPS for the current year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend was Monday, June 3rd.

UL Solutions Company Profile

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.