UL Solutions Inc. (NYSE:ULS) Receives Consensus Rating of “Moderate Buy” from Brokerages

UL Solutions Inc. (NYSE:ULS) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $41.30.

Several equities analysts have issued reports on ULS shares. Bank of America assumed 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 shares of UL Solutions in a research note on Tuesday, May 7th. They set a “buy” rating and a $40.00 price target for the company. UBS Group assumed coverage on shares of UL Solutions in a report on Tuesday, May 7th. They issued a “neutral” rating and a $38.00 target price for the company. JPMorgan Chase & Co. upped their price objective on UL Solutions from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, May 21st. Finally, Robert W. Baird reissued a “neutral” rating and issued a $46.00 target price (up previously from $41.00) on shares of UL Solutions in a report on Friday, July 12th.

UL Solutions Stock Up 1.2 %

NYSE:ULS opened at $44.70 on Friday. UL Solutions has a 1 year low of $33.15 and a 1 year high of $45.71. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.27. The business’s 50-day simple moving average is $41.60.

UL Solutions (NYSE:ULS) last announced its quarterly earnings results on Monday, May 20th. The company reported $0.28 EPS for the quarter, meeting the consensus estimate of $0.28. The company had revenue of $670.00 million during the quarter, compared to analysts’ expectations of $667.66 million. On average, equities analysts expect that UL Solutions will post 1.45 earnings per share for the current year.

UL Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.12%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James & Associates acquired a new stake in UL Solutions in the second quarter valued at $9,089,000. TFC Financial Management Inc. acquired a new stake in UL Solutions in the 2nd quarter valued at about $88,000. Hall Laurie J Trustee acquired a new stake in UL Solutions in the 2nd quarter valued at about $2,066,000. Finally, Bellecapital International Ltd. purchased a new position in UL Solutions during the 2nd quarter valued at about $208,000.

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.