UBS Group Initiates Coverage on UL Solutions (NYSE:ULS)

Stock analysts at UBS Group began coverage on shares of UL Solutions (NYSE:ULS) in a research note issued on Tuesday, MarketBeat Ratings reports. The firm set a “neutral” rating and a $38.00 price target on the stock. UBS Group’s target price indicates a potential upside of 6.26% from the stock’s current price.

Several other equities analysts have also weighed in on ULS. Citigroup started coverage on shares of UL Solutions in a research report on Tuesday. They set a “buy” rating and a $41.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of UL Solutions in a research report on Tuesday. They set an “overweight” rating and a $39.00 price objective for the company. Stifel Nicolaus started coverage on shares of UL Solutions in a research report on Tuesday. They set a “buy” rating and a $40.00 price objective for the company. Jefferies Financial Group started coverage on shares of UL Solutions in a research report on Tuesday. They set a “buy” rating and a $42.00 price objective for the company. Finally, Wells Fargo & Company started coverage on shares of UL Solutions in a research report on Tuesday. They set an “overweight” rating and a $40.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.30.

UL Solutions Stock Down 0.1 %

Shares of ULS opened at $35.76 on Tuesday. UL Solutions has a 52-week low of $33.15 and a 52-week high of $36.92.

Insiders Place Their Bets

In related news, Director James M. Shannon purchased 7,142 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, with a total value of $199,976.00. Following the completion of the transaction, the director now directly owns 7,142 shares of the company’s stock, valued at $199,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Karen K. Pepping purchased 3,571 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, with a total value of $99,988.00. Following the completion of the transaction, the chief accounting officer now directly owns 3,571 shares of the company’s stock, valued at $99,988. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James M. Shannon purchased 7,142 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The stock was bought at an average cost of $28.00 per share, with a total value of $199,976.00. Following the completion of the transaction, the director now directly owns 7,142 shares of the company’s stock, valued at $199,976. The disclosure for this purchase can be found here. Insiders bought a total of 199,997 shares of company stock worth $5,599,916 over the last ninety days.

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.