UL Solutions Inc. (NYSE:ULS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of UL Solutions Inc. (NYSE:ULS) have been assigned an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $83.5714.

Several research analysts recently weighed in on ULS shares. UBS Group dropped their target price on UL Solutions from $96.00 to $85.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 20th. Wells Fargo & Company upped their price objective on shares of UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $84.00 price objective (up from $70.00) on shares of UL Solutions in a research report on Wednesday, November 5th. The Goldman Sachs Group boosted their target price on shares of UL Solutions from $69.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th. Finally, Zacks Research cut shares of UL Solutions from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th.

UL Solutions Trading Up 1.5%

NYSE ULS opened at $73.30 on Friday. UL Solutions has a 52 week low of $49.34 and a 52 week high of $91.95. The company has a 50 day moving average price of $76.76 and a 200 day moving average price of $75.02. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.45. The firm has a market cap of $14.73 billion, a PE ratio of 43.89 and a beta of 1.11.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Parkside Financial Bank & Trust boosted its position in UL Solutions by 48.4% in the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company’s stock valued at $38,000 after buying an additional 171 shares during the last quarter. Assetmark Inc. acquired a new stake in shares of UL Solutions in the third quarter worth $40,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of UL Solutions by 3,070.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company’s stock worth $46,000 after purchasing an additional 614 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in UL Solutions by 28.2% during the second quarter. PNC Financial Services Group Inc. now owns 731 shares of the company’s stock valued at $53,000 after purchasing an additional 161 shares during the period. Finally, Rhumbline Advisers purchased a new stake in UL Solutions in the first quarter valued at $49,000.

UL Solutions Company Profile

UL Solutions (NYSE: ULS) is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters’ Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company’s core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.