Analysts Set UL Solutions Inc. (NYSE:ULS) Target Price at $43.90

UL Solutions Inc. (NYSE:ULS) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $43.90.

Several research firms have recently commented on ULS. Raymond James started coverage on UL Solutions in a report on Tuesday, May 7th. They set an “outperform” rating and a $42.00 price target on the stock. Citigroup began coverage on UL Solutions in a research report on Tuesday, May 7th. They set a “buy” rating and a $41.00 price target for the company. Stifel Nicolaus initiated coverage on UL Solutions in a report on Tuesday, May 7th. They issued a “buy” rating and a $40.00 price objective on the stock. William Blair initiated coverage on UL Solutions in a report on Tuesday, May 7th. They set an “outperform” rating for the company. Finally, Jefferies Financial Group began coverage on shares of UL Solutions in a research note on Tuesday, May 7th. They set a “buy” rating and a $42.00 price target on the stock.

UL Solutions Trading Up 0.5 %

Shares of ULS stock opened at $53.21 on Thursday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.00. UL Solutions has a 12-month low of $33.15 and a 12-month high of $53.78. The business’s 50 day simple moving average is $45.63.

UL Solutions (NYSE:ULS) last issued its quarterly earnings results on Wednesday, July 31st. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $730.00 million during the quarter, compared to analysts’ expectations of $718.73 million. The firm’s revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that UL Solutions will post 1.49 earnings per share for the current year.

UL Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 9th. Investors of record on Friday, August 30th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend is Friday, August 30th.

Hedge Funds Weigh In On UL Solutions

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC acquired a new stake in shares of UL Solutions in the second quarter valued at approximately $29,000. Sunbelt Securities Inc. purchased a new position in UL Solutions in the 2nd quarter valued at $72,000. Daiwa Securities Group Inc. acquired a new position in UL Solutions in the 2nd quarter valued at $84,000. TFC Financial Management Inc. purchased a new position in UL Solutions during the 2nd quarter worth $88,000. Finally, Bellecapital International Ltd. acquired a new stake in shares of UL Solutions in the 2nd quarter worth $208,000.

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.