Analysts Set UL Solutions Inc. (NYSE:ULS) Target Price at $43.90

UL Solutions Inc. (NYSE:ULS) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $43.90.

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on UL Solutions from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Tuesday, May 21st. Baird R W lowered UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Friday, July 12th. The Goldman Sachs Group increased their price objective on UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, August 1st. Wells Fargo & Company upped their target price on UL Solutions from $43.00 to $56.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Robert W. Baird upped their target price on UL Solutions from $46.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, August 1st.

Institutional Investors Weigh In On UL Solutions

A number of institutional investors and hedge funds have recently modified their holdings of ULS. Bellecapital International Ltd. acquired a new stake in shares of UL Solutions during the 2nd quarter valued at $208,000. Raymond James & Associates acquired a new stake in UL Solutions during the 2nd quarter valued at $9,089,000. Hall Laurie J Trustee acquired a new stake in UL Solutions during the 2nd quarter valued at $2,066,000. TFC Financial Management Inc. acquired a new stake in UL Solutions during the 2nd quarter valued at $88,000. Finally, Bank of New York Mellon Corp acquired a new stake in UL Solutions during the 2nd quarter valued at $586,000.

UL Solutions Stock Down 0.0 %

NYSE:ULS opened at $48.84 on Monday. UL Solutions has a 52 week low of $33.15 and a 52 week high of $56.28. The company’s 50 day moving average is $49.16. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.29 and a quick ratio of 1.29.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The business had revenue of $730.00 million during the quarter, compared to the consensus estimate of $718.73 million. UL Solutions’s revenue for the quarter was up 6.0% on a year-over-year basis. As a group, sell-side analysts anticipate that UL Solutions will post 1.46 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Stockholders of record on Friday, August 30th were given a dividend of $0.125 per share. The ex-dividend date was Friday, August 30th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.02%.

About UL Solutions

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.