UL Solutions Inc. (NYSE:ULS) Given Average Rating of "Moderate Buy" by Analysts

Shares of UL Solutions Inc. (NYSE:ULS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings 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 brokerages that have issued ratings on the stock in the last year is $40.30.

ULS has been the topic of several research reports. UBS Group assumed coverage on UL Solutions in a research note on Tuesday. They set a "neutral" rating and a $38.00 price objective on the stock. Robert W. Baird assumed coverage on shares of UL Solutions in a research report on Tuesday. They issued an "outperform" rating and a $40.00 price target on the stock. Raymond James started coverage on shares of UL Solutions in a research report on Tuesday. They set an "outperform" rating and a $42.00 price objective for the company. Bank of America began coverage on shares of UL Solutions in a report on Tuesday. They issued a "buy" rating and a $42.00 target price on the stock. Finally, Citigroup initiated coverage on UL Solutions in a report on Tuesday. They set a "buy" rating and a $41.00 target price for the company.

UL Solutions Stock Down 0.8 %

NYSE:ULS traded down $0.30 during trading hours on Tuesday, reaching $35.77. 657,548 shares of the stock were exchanged, compared to its average volume of 948,291. UL Solutions has a 52 week low of $33.15 and a 52 week high of $36.92.

Insider Activity

In other UL Solutions news, insider Weifang Zhou acquired 26,786 shares of the firm's stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, with a total value of $750,008.00. Following the acquisition, the insider now directly owns 26,786 shares of the company's stock, valued at approximately $750,008. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Jennifer F. Scanlon purchased 89,285 shares of the company's stock in a transaction on Tuesday, April 16th. The shares were bought at an average cost of $28.00 per share, for a total transaction of $2,499,980.00. Following the transaction, the chief executive officer now owns 89,285 shares of the company's stock, valued at $2,499,980. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Weifang Zhou acquired 26,786 shares of the firm's stock in a transaction dated Tuesday, April 16th. The stock was bought at an average price of $28.00 per share, with a total value of $750,008.00. Following the completion of the acquisition, the insider now directly owns 26,786 shares of the company's stock, valued at $750,008. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 199,997 shares of company stock valued at $5,599,916.

About UL Solutions

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.