UL Solutions (NYSE:ULS) Earns Buy Rating from Analysts at Stifel Nicolaus

Stock analysts at Stifel Nicolaus began coverage on shares of UL Solutions (NYSE:ULS) in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. The firm set a “buy” rating and a $40.00 price target on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 11.86% from the company’s current price.

Several other research firms also recently issued reports on ULS. Bank of America began coverage on shares of UL Solutions in a research note on Tuesday. They set a “buy” rating and a $42.00 price target for the company. Wells Fargo & Company began coverage on shares of UL Solutions in a research note on Tuesday. They set an “overweight” rating and a $40.00 price target for the company. Finally, Citigroup began coverage on shares of UL Solutions in a research note on Tuesday. They set a “buy” rating and a $41.00 price target for the company. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, UL Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $40.30.

UL Solutions Trading Down 0.1 %

ULS stock 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, EVP Linda S. Chapin acquired 1,785 shares of the stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $49,980.00. Following the completion of the acquisition, the executive vice president now directly owns 1,785 shares of the company’s stock, valued at approximately $49,980. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director James M. Shannon bought 7,142 shares of the firm’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $199,976.00. Following the purchase, the director now owns 7,142 shares in the company, valued at $199,976. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, EVP Linda S. Chapin bought 1,785 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average price of $28.00 per share, with a total value of $49,980.00. Following the completion of the purchase, the executive vice president now owns 1,785 shares in the company, valued at approximately $49,980. The disclosure for this purchase can be found here. Insiders purchased 199,997 shares of company stock worth $5,599,916 over the last three months.

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.