JPMorgan Chase & Co. Raises UL Solutions (NYSE:ULS) Price Target to $108.00

Key Points

• JPMorgan raised its price target on UL Solutions to $108 (from $88) while keeping a "neutral" rating, implying roughly an 8.62% upside.
• UL Solutions beat Q1 estimates with EPS $0.50 vs. $0.42 and revenue of $758M (up 7.5% YoY); analysts' consensus is a "Moderate Buy" with a ~$99.68 average price target.
• The stock traded at about $99.43, has a market cap near $19.99B, a 12‑month range of $61.64–$107.54, and a high P/E of 58.14.

UL Solutions (NYSE:ULS - Get Free Report) had its price target increased by analysts at JPMorgan Chase & Co. from $88.00 to $108.00 in a report released on Thursday,Benzinga reports. The firm presently has a "neutral" rating on the stock. JPMorgan Chase & Co.'s price target suggests a potential upside of 8.62% from the company's current price.

Several other research analysts also recently weighed in on the company. Robert W. Baird dropped their price target on UL Solutions from $97.00 to $96.00 and set an "outperform" rating for the company in a research note on Friday, February 20th. UBS Group upped their price target on UL Solutions from $90.00 to $110.00 and gave the stock a "neutral" rating in a research note on Wednesday. BNP Paribas Exane started coverage on UL Solutions in a research note on Monday, April 20th. They issued a "neutral" rating and a $95.00 price target for the company. Weiss Ratings downgraded UL Solutions from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, February 20th. Finally, Raymond James Financial restated an "outperform" rating and issued a $115.00 price target on shares of UL Solutions in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, UL Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $99.68.

UL Solutions Price Performance

ULS stock traded down $5.46 during midday trading on Thursday, hitting $99.43. The company's stock had a trading volume of 560,828 shares, compared to its average volume of 924,892. UL Solutions has a 12 month low of $61.64 and a 12 month high of $107.54. The company has a quick ratio of 1.32, a current ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $19.99 billion, a price-to-earnings ratio of 58.14, a price-to-earnings-growth ratio of 4.23 and a beta of 0.59. The company has a 50 day moving average of $86.25 and a two-hundred day moving average of $81.64.

UL Solutions (NYSE:ULS - Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.08. UL Solutions had a return on equity of 30.99% and a net margin of 11.24%.The business had revenue of $758.00 million during the quarter, compared to the consensus estimate of $748.50 million. During the same period in the prior year, the company posted $0.37 EPS. The firm's revenue for the quarter was up 7.5% compared to the same quarter last year. On average, analysts expect that UL Solutions will post 2.02 EPS for the current year.

Insider Activity at UL Solutions

In other news, CEO Jennifer F. Scanlon sold 12,500 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $91.57, for a total transaction of $1,144,625.00. Following the completion of the transaction, the chief executive officer directly owned 188,274 shares in the company, valued at approximately $17,240,250.18. This represents a 6.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. KBC Group NV boosted its position in shares of UL Solutions by 45.3% during the 1st quarter. KBC Group NV now owns 2,444 shares of the company's stock valued at $209,000 after acquiring an additional 762 shares during the last quarter. Swiss National Bank boosted its position in shares of UL Solutions by 3.0% during the 1st quarter. Swiss National Bank now owns 152,800 shares of the company's stock valued at $13,096,000 after acquiring an additional 4,500 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of UL Solutions by 2.0% during the 1st quarter. Bessemer Group Inc. now owns 2,265,772 shares of the company's stock valued at $194,199,000 after acquiring an additional 44,103 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of UL Solutions by 12.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,744,523 shares of the company's stock valued at $147,534,000 after acquiring an additional 193,610 shares during the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in shares of UL Solutions by 75.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 36,464 shares of the company's stock valued at $3,125,000 after acquiring an additional 15,716 shares during the last quarter.

About UL Solutions

UL Solutions NYSE: ULS is a global safety science company that provides testing, inspection, certification, advisory and digital solutions designed to help organizations manage risk, ensure regulatory compliance and drive innovation. With roots dating back to 1894 when it was founded as Underwriters' Electrical Bureau, the company rebranded as UL Solutions following its initial public offering in 2022. Headquartered in Northbrook, Illinois, UL Solutions operates independently to serve a broad range of industries with an emphasis on product safety, performance and sustainability.

The company's core services include standards development, product testing and certification for sectors such as building products, consumer electronics, automotive, life sciences, energy and industrial equipment.

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