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

UL Solutions (NYSE:ULS) had its price target boosted 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.

ULS has been the topic of several other reports. Citigroup assumed coverage on shares of UL Solutions in a report on Tuesday, May 7th. They issued a buy rating and a $41.00 price target on the stock. Raymond James assumed coverage on UL Solutions in a report on Tuesday, May 7th. They issued an outperform rating and a $42.00 price target for the company. Wells Fargo & Company raised their price objective on UL Solutions from $43.00 to $56.00 and gave the stock an overweight rating in a research note on Thursday. Robert W. Baird boosted their target price on shares of UL Solutions from $46.00 to $53.00 and gave the company a neutral rating in a research note on Thursday. Finally, Bank of America initiated coverage on shares of UL Solutions in a research report on Tuesday, May 7th. They issued a buy rating and a $42.00 price target on the stock. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, UL Solutions has a consensus rating of Moderate Buy and an average target price of $43.90.

UL Solutions Trading Down 0.9 %

ULS stock opened at $50.94 on Thursday. The company has a 50-day moving average of $42.59. The company has a quick ratio of 1.27, a current ratio of 1.29 and a debt-to-equity ratio of 1.00. UL Solutions has a 1 year low of $33.15 and a 1 year 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, beating analysts’ consensus estimates of $0.38 by $0.06. The firm had revenue of $730.00 million for the quarter, compared to analysts’ expectations of $718.73 million. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, research analysts expect that UL Solutions will post 1.48 earnings per share for the current fiscal year.

UL Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 18th. Stockholders of record on Monday, June 3rd were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend was Monday, June 3rd.

Institutional Trading of UL Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Conestoga Capital Advisors LLC acquired a new position in UL Solutions during the second quarter worth about $29,229,000. Raymond James & Associates bought a new stake in shares of UL Solutions in the 2nd quarter worth approximately $9,089,000. TD Asset Management Inc acquired a new stake in UL Solutions during the second quarter valued at approximately $5,500,000. Lisanti Capital Growth LLC bought a new stake in UL Solutions during the second quarter worth approximately $4,793,000. Finally, Peregrine Capital Management LLC acquired a new position in UL Solutions in the second quarter worth approximately $2,194,000.

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.