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

Shares of UL Solutions Inc. (NYSE:ULS) have been assigned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $41.30.

Several equities research analysts recently commented on the stock. Bank of America started coverage on shares of UL Solutions in a research note on Tuesday, May 7th. They set a “buy” rating and a $42.00 price objective on the stock. Raymond James started coverage on UL Solutions in a research report on Tuesday, May 7th. They set an “outperform” rating and a $42.00 price objective for the company. Jefferies Financial Group initiated coverage on UL Solutions in a report on Tuesday, May 7th. They issued a “buy” rating and a $42.00 target price on the stock. William Blair started coverage on UL Solutions in a report on Tuesday, May 7th. They set an “outperform” rating for the company. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $46.00 price target (up previously from $41.00) on shares of UL Solutions in a research note on Friday, July 12th.

UL Solutions Stock Performance

ULS opened at $44.70 on Friday. 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 $45.71. The company has a 50 day moving average price of $41.60.

UL Solutions (NYSE:ULS) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.28 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.28. The firm had revenue of $670.00 million during the quarter, compared to the consensus estimate of $667.66 million. As a group, analysts expect that UL Solutions will post 1.45 EPS for the current year.

UL Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 3rd were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date was Monday, June 3rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ULS. Raymond James & Associates bought a new stake in UL Solutions in the 2nd quarter worth approximately $9,089,000. Hall Laurie J Trustee purchased a new position in shares of UL Solutions in the 2nd quarter worth $2,066,000. Bellecapital International Ltd. purchased a new position in shares of UL Solutions in the 2nd quarter worth $208,000. Finally, TFC Financial Management Inc. bought a new stake in shares of UL Solutions in the second quarter worth $88,000.

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.