UL Solutions Inc. (NYSE:ULS) Given Average Recommendation of “Moderate Buy” by Analysts

UL Solutions Inc. (NYSE:ULS) has received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $43.90.

Several analysts have issued reports on the stock. Robert W. Baird increased their price objective on shares of UL Solutions from $46.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, August 1st. Wells Fargo & Company lifted their price target 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. Baird R W cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. JPMorgan Chase & Co. raised their target price 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, The Goldman Sachs Group boosted their price target on UL Solutions from $40.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, August 1st.

UL Solutions Price Performance

Shares of ULS stock opened at $48.84 on Monday. 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 company has a fifty day simple moving average of $49.16. UL Solutions has a 52 week low of $33.15 and a 52 week high of $56.28.

UL Solutions (NYSE:ULS) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $730.00 million for the quarter, compared to analyst estimates of $718.73 million. The business’s revenue was up 6.0% compared to the same quarter last year. As a group, research analysts forecast that UL Solutions will post 1.46 earnings per share for the current year.

UL Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 9th. Investors of record on Friday, August 30th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Friday, August 30th.

Institutional Trading of UL Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James & Associates bought a new position in shares of UL Solutions during the second quarter valued at approximately $9,089,000. Hall Laurie J Trustee bought a new position in shares of UL Solutions during the second quarter valued at approximately $2,066,000. Markel Group Inc. bought a new position in shares of UL Solutions during the second quarter valued at approximately $1,519,000. Legato Capital Management LLC bought a new position in shares of UL Solutions during the second quarter valued at approximately $534,000. Finally, Peregrine Capital Management LLC bought a new position in shares of UL Solutions during the second quarter valued at 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.