UL Solutions (NYSE:ULS) Given New $60.50 Price Target at Citigroup

UL Solutions (NYSE:ULS) had its target price raised by research analysts at Citigroup from $60.00 to $60.50 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 14.46% from the company’s current price.

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

UL Solutions Stock Down 0.3 %

ULS stock opened at $52.86 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $10.58 billion and a P/E ratio of 32.63. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $59.23. The business has a 50-day moving average of $52.41 and a 200-day moving average of $51.98.

UL Solutions (NYSE:ULS) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, topping 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 firm had revenue of $739.00 million during the quarter, compared to the consensus estimate of $726.54 million. On average, sell-side analysts anticipate that UL Solutions will post 1.69 earnings per share for the current fiscal year.

Insider Buying and Selling at UL Solutions

In other news, insider Gitte Schjotz sold 5,941 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $52.58, for a total transaction of $312,377.78. Following the completion of the sale, the insider now owns 69,191 shares in the company, valued at approximately $3,638,062.78. This trade represents a 7.91 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Northwest & Ethical Investments L.P. boosted its holdings in shares of UL Solutions by 23.5% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 2,100 shares of the company’s stock worth $105,000 after acquiring an additional 400 shares during the period. Stifel Financial Corp increased its stake in shares of UL Solutions by 1.6% during the third quarter. Stifel Financial Corp now owns 30,500 shares of the company’s stock worth $1,504,000 after purchasing an additional 485 shares during the period. Stone House Investment Management LLC acquired a new stake in UL Solutions during the 3rd quarter worth approximately $25,000. PNC Financial Services Group Inc. boosted its stake in UL Solutions by 653.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 671 shares of the company’s stock valued at $33,000 after purchasing an additional 582 shares during the period. Finally, Quarry LP bought a new stake in UL Solutions in the 4th quarter valued at $32,000.

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.