UL Solutions (NYSE:ULS) Coverage Initiated by Analysts at Citigroup

Research analysts at Citigroup started coverage on shares of UL Solutions (NYSE:ULS) in a research report issued on Tuesday, Marketbeat Ratings reports. The firm set a “buy” rating and a $41.00 price target on the stock. Citigroup’s target price points to a potential upside of 14.65% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company began coverage on UL Solutions in a report on Tuesday. They set an “overweight” rating and a $40.00 price target on the stock. Bank of America began coverage on UL Solutions in a report on Tuesday. They set a “buy” rating and a $42.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, UL Solutions has a consensus rating of “Moderate Buy” and a consensus price target of $40.30.

UL Solutions Trading Down 0.1 %

Shares of NYSE ULS opened at $35.76 on Tuesday. UL Solutions has a 1-year low of $33.15 and a 1-year high of $36.92.

Insider Activity

In other UL Solutions news, insider Weifang Zhou purchased 26,786 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 $750,008.00. Following the acquisition, the insider now directly owns 26,786 shares of the company’s stock, valued at $750,008. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Weifang Zhou acquired 26,786 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average cost of $28.00 per share, with a total value of $750,008.00. Following the purchase, the insider now directly owns 26,786 shares of the company’s stock, valued at approximately $750,008. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Karen K. Pepping acquired 3,571 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average cost of $28.00 per share, with a total value of $99,988.00. Following the completion of the purchase, the chief accounting officer now directly owns 3,571 shares in the company, valued at $99,988. The disclosure for this purchase can be found here. Insiders acquired 199,997 shares of company stock valued at $5,599,916 in the last three months.

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.