UL Solutions (NYSE:ULS) Price Target Raised to $57.00

UL Solutions (NYSE:ULS) had its price objective boosted by investment analysts at Robert W. Baird from $53.00 to $57.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 10.68% from the stock’s current price.

Other analysts have also issued research reports about the company. 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 target 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 shares of UL Solutions from $43.00 to $56.00 and gave the stock an “overweight” rating in a research note on Thursday, August 1st. Finally, Citigroup initiated coverage on shares of UL Solutions in a research note on Monday, October 7th. They issued a “buy” rating and a $60.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, UL Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $46.20.

UL Solutions Trading Down 0.9 %

UL Solutions stock opened at $51.50 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. The firm’s 50 day moving average price is $51.24 and its 200-day moving average price is $45.69. UL Solutions has a 1 year low of $33.15 and a 1 year high of $59.23.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.12. The firm had revenue of $731.00 million for the quarter, compared to analysts’ expectations of $709.41 million. The business’s revenue was up 8.1% on a year-over-year basis. As a group, equities research analysts anticipate that UL Solutions will post 1.48 earnings per share for the current year.

Insiders Place Their Bets

In other UL Solutions news, major shareholder Ulse Inc. sold 3,000,000 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $49.00, for a total value of $147,000,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Institutional Trading of UL Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC acquired a new stake in shares of UL Solutions in the second quarter worth $29,000. Sunbelt Securities Inc. acquired a new stake in UL Solutions during the 2nd quarter worth about $72,000. Daiwa Securities Group Inc. purchased a new position in shares of UL Solutions during the 2nd quarter valued at about $84,000. TFC Financial Management Inc. acquired a new position in shares of UL Solutions in the 2nd quarter valued at about $88,000. Finally, Phillips Wealth Planners LLC acquired a new position in shares of UL Solutions in the 3rd quarter valued at about $218,000.

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.