UL Solutions (NYSE:ULS) Receives New Coverage from Analysts at The Goldman Sachs Group

Analysts at The Goldman Sachs Group initiated coverage on shares of UL Solutions (NYSE:ULS) in a note issued to investors on Tuesday, MarketBeat reports. The firm set a “neutral” rating and a $39.00 price target on the stock. The Goldman Sachs Group’s target price points to a potential upside of 9.06% from the stock’s previous close.

ULS has been the topic of several other reports. Wells Fargo & Company initiated coverage on UL Solutions in a research report on Tuesday. They issued an “overweight” rating and a $40.00 target price on the stock. UBS Group initiated coverage on UL Solutions in a research report on Tuesday. They issued a “neutral” rating and a $38.00 target price on the stock. Stifel Nicolaus initiated coverage on UL Solutions in a research report on Tuesday. They issued a “buy” rating and a $40.00 target price on the stock. Citigroup began coverage on UL Solutions in a research report on Tuesday. They issued a “buy” rating and a $41.00 target price on the stock. Finally, Robert W. Baird began coverage on UL Solutions in a research report on Tuesday. They set an “outperform” rating and a $40.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.30.

UL Solutions Stock Performance

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, CEO Jennifer F. Scanlon bought 89,285 shares of the company’s stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the transaction, the chief executive officer now directly owns 89,285 shares of the company’s stock, valued at $2,499,980. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CEO Jennifer F. Scanlon purchased 89,285 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The shares were purchased at an average cost of $28.00 per share, with a total value of $2,499,980.00. Following the purchase, the chief executive officer now owns 89,285 shares of the company’s stock, valued at approximately $2,499,980. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Weifang Zhou purchased 26,786 shares of the firm’s stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average cost of $28.00 per share, for a total transaction of $750,008.00. Following the completion of the purchase, the insider now directly owns 26,786 shares in the company, valued at approximately $750,008. The disclosure for this purchase can be found here. Insiders have acquired 199,997 shares of company stock worth $5,599,916 in 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.