The Goldman Sachs Group Boosts UL Solutions (NYSE:ULS) Price Target to $45.00

UL Solutions (NYSE:ULS) had its price objective upped by The Goldman Sachs Group from $40.00 to $45.00 in a research report released on Thursday, Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

Several other equities analysts also recently weighed in on ULS. Raymond James started coverage on shares of UL Solutions in a report on Tuesday, May 7th. They set an outperform rating and a $42.00 price target on the stock. Robert W. Baird lifted their price target on shares of UL Solutions from $46.00 to $53.00 and gave the company a neutral rating in a report on Thursday. UBS Group assumed coverage on shares of UL Solutions in a report on Tuesday, May 7th. They set a neutral rating and a $38.00 price target on the stock. William Blair assumed coverage on shares of UL Solutions in a research report on Tuesday, May 7th. They set an outperform rating on the stock. Finally, Wells Fargo & Company lifted their price objective on shares of UL Solutions from $43.00 to $56.00 and gave the company an overweight rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, UL Solutions currently has a consensus rating of Moderate Buy and a consensus price target of $43.90.

UL Solutions Price Performance

ULS opened at $50.94 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.27 and a debt-to-equity ratio of 1.00. The business has a 50 day simple moving average of $42.59. UL Solutions has a 12-month low of $33.15 and a 12-month high of $52.83.

UL Solutions (NYSE:ULS) last posted 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 analysts’ expectations of $718.73 million. UL Solutions’s revenue for the quarter was up 6.0% compared to the same quarter last year. Equities analysts forecast that UL Solutions will post 1.48 earnings per share for the current year.

UL Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Investors of record on Monday, June 3rd were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.98%. The ex-dividend date was Monday, June 3rd.

Institutional Investors Weigh In On UL Solutions

Several large investors have recently bought and sold shares of the business. TFC Financial Management Inc. purchased a new position in UL Solutions during the second quarter worth $88,000. Bellecapital International Ltd. purchased a new position in UL Solutions during the second quarter worth $208,000. Legato Capital Management LLC purchased a new position in UL Solutions during the second quarter worth $534,000. Bank of New York Mellon Corp purchased a new position in UL Solutions during the second quarter worth $586,000. Finally, Markel Group Inc. purchased a new position in UL Solutions during the second quarter worth $1,519,000.

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.