The Goldman Sachs Group Increases UL Solutions (NYSE:ULS) Price Target to $57.00

UL Solutions (NYSE:ULS) had its target price raised by research analysts at The Goldman Sachs Group from $51.00 to $57.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price would indicate a potential upside of 6.01% from the stock’s current price.

ULS has been the subject of several other reports. UBS Group raised their price objective on shares of UL Solutions from $52.00 to $54.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company raised 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, November 6th. JPMorgan Chase & Co. increased their target price on shares of UL Solutions from $55.00 to $58.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Robert W. Baird increased their target price on shares of UL Solutions from $53.00 to $57.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $51.40.

UL Solutions Stock Down 0.4 %

NYSE ULS traded down $0.24 during mid-day trading on Friday, reaching $53.77. 174,889 shares of the stock were exchanged, compared to its average volume of 479,281. The business’s 50 day moving average is $52.34 and its 200-day moving average is $51.90. UL Solutions has a 1 year low of $33.15 and a 1 year high of $59.23. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.31 and a current ratio of 1.31.

UL Solutions (NYSE:ULS) last issued its earnings results 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 net margin of 10.76% and a return on equity of 40.88%. The business had revenue of $739.00 million during the quarter, compared to analysts’ expectations of $726.54 million. On average, equities analysts forecast that UL Solutions will post 1.53 earnings per share for the current year.

Insider Buying and Selling at UL Solutions

In other UL Solutions news, insider Gitte Schjotz sold 5,941 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the sale, the insider now directly owns 69,191 shares in the company, valued at approximately $3,638,062.78. The trade was a 7.91 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On UL Solutions

Several institutional investors and hedge funds have recently made changes to their positions in ULS. Stone House Investment Management LLC purchased a new stake in shares of UL Solutions in the 3rd quarter worth about $25,000. Quarry LP purchased a new stake in shares of UL Solutions in the 4th quarter worth about $32,000. PNC Financial Services Group Inc. boosted its position in shares of UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock worth $33,000 after buying an additional 582 shares in the last quarter. Northwest & Ethical Investments L.P. purchased a new stake in shares of UL Solutions in the 3rd quarter worth about $84,000. Finally, KBC Group NV acquired a new position in UL Solutions in the 4th quarter valued at about $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.