UBS Group Issues Pessimistic Forecast for UL Solutions (NYSE:ULS) Stock Price

UL Solutions (NYSE:ULS) had its price target reduced by equities researchers at UBS Group from $72.00 to $70.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential upside of 6.15% from the company’s current price.

Other analysts have also issued reports about the stock. Citigroup reiterated a “neutral” rating and issued a $71.00 price target (up from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Wells Fargo & Company raised their target price on shares of UL Solutions from $65.00 to $77.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Robert W. Baird lifted their target price on shares of UL Solutions from $60.00 to $73.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 7th. Raymond James Financial increased their price target on UL Solutions from $60.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, The Goldman Sachs Group raised their price target on UL Solutions from $57.00 to $63.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, UL Solutions presently has an average rating of “Hold” and an average target price of $70.86.

UL Solutions Stock Up 0.8%

UL Solutions stock opened at $65.95 on Wednesday. UL Solutions has a 12 month low of $46.79 and a 12 month high of $74.15. The stock has a fifty day simple moving average of $70.83 and a two-hundred day simple moving average of $62.26. The company has a current ratio of 1.32, a quick ratio of 1.24 and a debt-to-equity ratio of 0.55. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 40.71 and a beta of 1.00.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.47 by $0.05. UL Solutions had a return on equity of 37.33% and a net margin of 11.08%. The company had revenue of $776.00 million during the quarter, compared to the consensus estimate of $771.55 million. During the same period last year, the company earned $0.44 EPS. UL Solutions’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts predict that UL Solutions will post 1.69 EPS for the current fiscal year.

Institutional Investors Weigh In On UL Solutions

A number of hedge funds have recently modified their holdings of ULS. T. Rowe Price Investment Management Inc. lifted its position in UL Solutions by 88.8% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 4,224,709 shares of the company’s stock valued at $210,729,000 after purchasing an additional 1,987,295 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of UL Solutions during the 1st quarter valued at about $80,618,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of UL Solutions during the 1st quarter valued at approximately $57,999,000. Capital International Investors increased its holdings in UL Solutions by 7.4% in the 4th quarter. Capital International Investors now owns 11,691,957 shares of the company’s stock worth $583,324,000 after acquiring an additional 809,779 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new stake in UL Solutions during the 2nd quarter worth approximately $52,396,000.

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.