UL Solutions (NYSE:ULS) Stock Price Target Cut by Citigroup

Key Points

• Citigroup cut its price target on UL Solutions from $82.80 to $81.40 and maintained a Neutral rating, implying about 2.1% upside from the stock’s then-current price of $79.73.
• Analyst views overall remain positive: MarketBeat reported a Moderate Buy consensus, with seven Buy and five Hold ratings and an average price target of $95.84.
• UL Solutions reported quarterly revenue of $823 million, up 5.1% year over year and above estimates; EPS of $0.62 matched consensus.

UL Solutions (NYSE:ULS - Get Free Report) had its price target cut by research analysts at Citigroup from $82.80 to $81.40 in a report released on Wednesday, Benzinga reports. The firm presently has a "neutral" rating on the stock. Citigroup's target price indicates a potential upside of 2.10% from the company's current price.

Several other equities analysts also recently weighed in on the company. Wall Street Zen downgraded UL Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 25th. William Blair reaffirmed an "outperform" rating on shares of UL Solutions in a research note on Monday, September 21st. UBS Group upped their price objective on shares of UL Solutions from $96.00 to $97.00 and gave the stock a "buy" rating in a research note on Monday, October 12th. Weiss Ratings cut UL Solutions from a "buy (b)" rating to a "buy (b-)" rating in a research report on Monday, September 21st. Finally, The Goldman Sachs Group set a $86.00 price target on shares of UL Solutions in a report on Wednesday, August 5th. Seven research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, UL Solutions has an average rating of "Moderate Buy" and an average price target of $95.84.

UL Solutions Price Performance

Shares of UL Solutions stock traded down $0.67 during trading on Wednesday, reaching $79.73. 1,406,013 shares of the stock traded hands, compared to its average volume of 941,828. The company has a market capitalization of $16.10 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 3.11 and a beta of 0.62. The business has a fifty day simple moving average of $70.82 and a two-hundred day simple moving average of $82.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.42 and a quick ratio of 1.42. UL Solutions has a 52-week low of $63.17 and a 52-week high of $107.54.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings data on Tuesday, November 3rd. The company reported $0.62 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.62. The business had revenue of $823.00 million for the quarter, compared to the consensus estimate of $815.72 million. UL Solutions had a return on equity of 28.81% and a net margin of 16.02%. The company's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. Sell-side analysts expect that UL Solutions will post 2.09 EPS for the current year.

Insider Transactions at UL Solutions

In other UL Solutions news, CEO Jennifer Scanlon sold 12,500 shares of the company's stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $70.08, for a total value of $876,000.00. Following the sale, the chief executive officer directly owned 126,724 shares of the company's stock, valued at approximately $8,880,817.92. This represents a 8.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UL Solutions

Several hedge funds have recently bought and sold shares of ULS. Parallel Advisors LLC grew its position in shares of UL Solutions by 349.3% during the 1st quarter. Parallel Advisors LLC now owns 301 shares of the company's stock valued at $26,000 after acquiring an additional 234 shares during the period. Mather Group LLC. purchased a new position in UL Solutions during the third quarter worth approximately $33,000. Integrated Wealth Concepts LLC purchased a new position in shares of UL Solutions during the 2nd quarter worth $34,000. Covestor Ltd acquired a new position in UL Solutions in the 3rd quarter valued at about $34,000. Finally, Signaturefd LLC lifted its holdings in UL Solutions by 90.0% in the third quarter. Signaturefd LLC now owns 682 shares of the company's stock valued at $45,000 after acquiring an additional 323 shares during the last quarter.

UL Solutions News Summary

Here are the key news stories impacting UL Solutions this week:

• Positive Sentiment: UL Solutions reported Q3 revenue of $823 million, up 5.1% year over year and above analysts’ $815.7 million estimate. EPS was $0.62, in line with the reported consensus, and above $0.56 a year earlier. Coverage also highlighted raised guidance, record margins, and growth in certification services. Why is UL Solutions stock moving
• Positive Sentiment: Wells Fargo raised its price target to $105 from $104 and reiterated an Overweight rating, signaling continued analyst confidence. Wells Fargo recommendations
• Neutral Sentiment: Strategic investments and a forthcoming major deal were cited as potential growth drivers, though the deal’s impact will depend on execution and details. UL Solutions Q3 earnings coverage
• Negative Sentiment: One valuation analysis argues ULS may be about 13% above fair value after its strong results, raising the risk that the stock’s recent gains have priced in much of the good news. UL Solutions valuation analysis

UL Solutions Company Profile

UL Solutions Inc NYSE: ULS is a global applied safety science company that provides testing, inspection, certification, and advisory services. The company helps manufacturers, retailers, regulators, and other organizations evaluate the safety, security, performance, quality, and sustainability of products, facilities, and systems.

Its services cover a broad range of industries, including consumer products, industrial equipment, energy, mobility, information technology, and the built environment.

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