UL Solutions (NYSE:ULS) Earns Outperform Rating from Analysts at Raymond James

Raymond James started coverage on shares of UL Solutions (NYSE:ULS) in a report released on Tuesday, MarketBeat Ratings reports. The brokerage set an “outperform” rating and a $42.00 price target on the stock. Raymond James’ target price points to a potential upside of 17.45% from the company’s current price.

A number of other analysts have also recently commented on the stock. Wells Fargo & Company started coverage on shares of UL Solutions in a research note on Tuesday. They set an “overweight” rating and a $40.00 price target on the stock. The Goldman Sachs Group started coverage on shares of UL Solutions in a research note on Tuesday. They issued a “neutral” rating and a $39.00 target price on the stock. Jefferies Financial Group started coverage on shares of UL Solutions in a research note on Tuesday. They issued a “buy” rating and a $42.00 target price on the stock. Bank of America started coverage on shares of UL Solutions in a research note on Tuesday. They issued a “buy” rating and a $42.00 target price on the stock. Finally, Citigroup started coverage on shares of UL Solutions in a research note on Tuesday. They issued a “buy” rating and a $41.00 target price on the stock. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.30.

UL Solutions Stock Down 0.1 %

Shares of ULS stock opened at $35.76 on Tuesday. UL Solutions has a 12 month low of $33.15 and a 12 month high of $36.92.

Insider Activity

In related news, CEO Jennifer F. Scanlon acquired 89,285 shares of the stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average price of $28.00 per share, for a total transaction of $2,499,980.00. Following the transaction, the chief executive officer now owns 89,285 shares in the company, valued at approximately $2,499,980. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Jennifer F. Scanlon acquired 89,285 shares of the stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average price of $28.00 per share, for a total transaction of $2,499,980.00. Following the transaction, the chief executive officer now owns 89,285 shares in the company, valued at approximately $2,499,980. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Linda S. Chapin acquired 1,785 shares of the stock in a transaction dated Tuesday, April 16th. The shares were bought at an average price of $28.00 per share, for a total transaction of $49,980.00. Following the transaction, 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. In the last quarter, insiders have purchased 199,997 shares of company stock worth $5,599,916.

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.