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

UL Solutions Inc. (NYSE:ULSGet Free Report) has been assigned an average recommendation of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $40.30.

ULS has been the topic of several recent analyst reports. Raymond James assumed coverage on UL Solutions in a report on Tuesday, May 7th. They set an “outperform” rating and a $42.00 price objective on the stock. Citigroup started coverage on shares of UL Solutions in a research report on Tuesday, May 7th. They issued a “buy” rating and a $41.00 price target for the company. Jefferies Financial Group assumed coverage on shares of UL Solutions in a research report on Tuesday, May 7th. They set a “buy” rating and a $42.00 price objective on the stock. Bank of America began coverage on UL Solutions in a report on Tuesday, May 7th. They issued a “buy” rating and a $42.00 target price for the company. Finally, JPMorgan Chase & Co. began coverage on UL Solutions in a report on Tuesday, May 7th. They set an “overweight” rating and a $39.00 price target on the stock.

Read Our Latest Stock Report on UL Solutions

Insider Buying and Selling at UL Solutions

In other news, Director James M. Shannon purchased 7,142 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, for a total transaction of $199,976.00. Following the acquisition, the director now directly owns 7,142 shares in the company, valued at $199,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other UL Solutions news, Director James M. Shannon acquired 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, with a total value of $199,976.00. Following the purchase, the director now owns 7,142 shares in the company, valued at $199,976. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Linda S. Chapin bought 1,785 shares of the business’s stock in a transaction on 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 completion of the acquisition, the executive vice president now owns 1,785 shares of the company’s stock, valued at $49,980. The disclosure for this purchase can be found here. Insiders have bought 199,997 shares of company stock worth $5,599,916 over the last 90 days.

UL Solutions Stock Performance

ULS opened at $36.56 on Tuesday. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $37.10.

About UL Solutions

(Get Free Report

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.

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Analyst Recommendations for UL Solutions (NYSE:ULS)

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