UL Solutions (NYSE:ULS) Price Target Raised to $60.50

UL Solutions (NYSE:ULS) had its price target boosted by analysts at Citigroup from $60.00 to $60.50 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target suggests a potential upside of 13.06% from the stock’s current price.

A number of other research firms have also recently issued reports on ULS. JPMorgan Chase & Co. boosted their target price on UL Solutions from $55.00 to $58.00 and gave the company an “overweight” rating in a research note on Friday, February 21st. The Goldman Sachs Group boosted their target price on UL Solutions from $51.00 to $57.00 and gave the company a “neutral” rating in a research note on Friday, February 21st. Robert W. Baird boosted their target price on UL Solutions from $53.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. UBS Group boosted their target price on UL Solutions from $52.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company upped their price objective on UL Solutions from $56.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.45.

UL Solutions Trading Down 1.2 %

NYSE ULS opened at $53.51 on Tuesday. The stock has a 50-day simple moving average of $52.48 and a 200 day simple moving average of $52.01. The company has a market capitalization of $10.71 billion and a PE ratio of 33.03. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.85. UL Solutions has a 12 month low of $33.15 and a 12 month high of $59.23.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.11. UL Solutions had a return on equity of 44.52% and a net margin of 11.36%. The business had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. Research analysts forecast that UL Solutions will post 1.69 EPS for the current year.

Insider Activity at UL Solutions

In related news, insider Gitte Schjotz sold 5,941 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the transaction, the insider now directly owns 69,191 shares of the company’s stock, valued at approximately $3,638,062.78. This represents a 7.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ULS. Stone House Investment Management LLC acquired a new position in UL Solutions during the third quarter valued at approximately $25,000. Quarry LP acquired a new position in UL Solutions during the fourth quarter valued at approximately $32,000. PNC Financial Services Group Inc. raised its stake in UL Solutions by 653.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after buying an additional 582 shares during the period. Northwest & Ethical Investments L.P. bought a new stake in UL Solutions in the third quarter valued at approximately $84,000. Finally, KBC Group NV bought a new stake in UL Solutions in the fourth quarter valued at approximately $163,000.

About UL Solutions

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.