Brokerages Set UL Solutions Inc. (NYSE:ULS) PT at $40.30

Shares of UL Solutions Inc. (NYSE:ULS) have been given an average rating of “Moderate Buy” by the eleven analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $40.30.

ULS has been the subject of several analyst reports. William Blair assumed coverage on shares of UL Solutions in a research note on Tuesday. They issued an “outperform” rating for the company. JPMorgan Chase & Co. started coverage on UL Solutions in a research report on Tuesday. They issued an “overweight” rating and a $39.00 price target for the company. UBS Group began coverage on UL Solutions in a report on Tuesday. They set a “neutral” rating and a $38.00 price objective on the stock. Bank of America began coverage on UL Solutions in a report on Tuesday. They issued a “buy” rating and a $42.00 target price for the company. Finally, Raymond James began coverage on UL Solutions in a report on Tuesday. They set an “outperform” rating and a $42.00 price target on the stock.

UL Solutions Stock Up 2.2 %

NYSE ULS opened at $36.56 on Tuesday. UL Solutions has a 12-month low of $33.15 and a 12-month high of $36.92.

Insider Transactions at UL Solutions

In related news, Director James M. Shannon acquired 7,142 shares of the stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, for a total transaction of $199,976.00. Following the completion of the purchase, the director now owns 7,142 shares in the company, valued at approximately $199,976. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director James M. Shannon bought 7,142 shares of UL Solutions stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average price of $28.00 per share, for a total transaction of $199,976.00. Following the completion of the purchase, the director now owns 7,142 shares in the company, valued at $199,976. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jennifer F. Scanlon bought 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, for a total transaction of $2,499,980.00. Following the completion of the transaction, the chief executive officer now owns 89,285 shares of the company’s stock, valued at $2,499,980. The disclosure for this purchase can be found here. Insiders acquired a total of 199,997 shares of company stock worth $5,599,916 over 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.