UL Solutions Inc. (NYSE:ULS) Given Consensus Recommendation of “Moderate Buy” by Analysts

UL Solutions Inc. (NYSE:ULS) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $85.1429.

Several brokerages have commented on ULS. Robert W. Baird set a $97.00 target price on UL Solutions and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group lifted their price objective on UL Solutions from $69.00 to $79.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 5th. Wells Fargo & Company increased their target price on shares of UL Solutions from $77.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $84.00 price target (up previously from $70.00) on shares of UL Solutions in a research report on Wednesday, November 5th. Finally, UBS Group increased their price objective on shares of UL Solutions from $75.00 to $96.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 5th.

Institutional Investors Weigh In On UL Solutions

A number of hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC acquired a new position in UL Solutions in the third quarter valued at approximately $97,803,000. Norges Bank bought a new stake in shares of UL Solutions in the 2nd quarter valued at $89,174,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of UL Solutions during the 1st quarter valued at $57,999,000. DekaBank Deutsche Girozentrale bought a new position in UL Solutions during the second quarter worth $52,396,000. Finally, Capital International Investors grew its holdings in UL Solutions by 10.8% in the third quarter. Capital International Investors now owns 7,548,311 shares of the company’s stock worth $534,738,000 after purchasing an additional 738,720 shares during the period.

UL Solutions Price Performance

ULS stock opened at $78.24 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.45. UL Solutions has a 12 month low of $48.54 and a 12 month high of $91.95. The firm has a market cap of $15.72 billion, a P/E ratio of 46.85 and a beta of 0.92. The company’s 50-day moving average price is $81.60 and its two-hundred day moving average price is $73.49.

UL Solutions (NYSE:ULS) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.09. The business had revenue of $783.00 million for the quarter, compared to analyst estimates of $769.01 million. UL Solutions had a return on equity of 34.49% and a net margin of 11.29%.UL Solutions’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $0.49 earnings per share. On average, analysts anticipate that UL Solutions will post 1.69 earnings per share for the current fiscal year.

UL Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Friday, November 28th were given a $0.13 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a $0.52 annualized dividend and a dividend yield of 0.7%. UL Solutions’s dividend payout ratio (DPR) is 31.14%.

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.