UBS Group Forecasts Strong Price Appreciation for UL Solutions (NYSE:ULS) Stock

UL Solutions (NYSE:ULS) had its target price increased by investment analysts at UBS Group from $52.00 to $54.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential upside of 7.89% from the stock’s previous close.

ULS has been the subject of several other reports. Citigroup initiated coverage on UL Solutions in a research note on Monday, October 7th. They set a “buy” rating and a $60.00 price objective for the company. The Goldman Sachs Group increased their price target on UL Solutions from $45.00 to $51.00 and gave the stock a “neutral” rating in a report on Wednesday. Baird R W lowered shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 12th. Wells Fargo & Company upped their price objective on shares of UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Robert W. Baird lifted their target price on shares of UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, UL Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

UL Solutions Stock Performance

Shares of ULS stock opened at $50.05 on Wednesday. UL Solutions has a 1 year low of $33.15 and a 1 year high of $59.23. The company has a quick ratio of 1.29, a current ratio of 1.31 and a debt-to-equity ratio of 0.85. The stock’s 50-day moving average is $51.05 and its two-hundred day moving average is $45.75.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.39 by $0.10. The company had revenue of $731.00 million for the quarter, compared to analyst estimates of $709.41 million. UL Solutions had a return on equity of 40.88% and a net margin of 10.76%. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that UL Solutions will post 1.48 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Ulse Inc. sold 3,000,000 shares of UL Solutions stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $49.00, for a total transaction of $147,000,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Hedge Funds Weigh In On UL Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ULS. Massachusetts Financial Services Co. MA purchased a new stake in shares of UL Solutions in the second quarter valued at $96,262,000. American Century Companies Inc. acquired a new position in UL Solutions in the 2nd quarter valued at about $68,832,000. AltraVue Capital LLC purchased a new position in UL Solutions in the 2nd quarter valued at about $35,050,000. DekaBank Deutsche Girozentrale boosted its stake in shares of UL Solutions by 19.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 756,505 shares of the company’s stock worth $36,805,000 after purchasing an additional 122,975 shares during the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of UL Solutions by 2.3% during the third quarter. Conestoga Capital Advisors LLC now owns 708,513 shares of the company’s stock worth $34,930,000 after buying an additional 15,722 shares in the last quarter.

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.