UL Solutions (NYSE:ULS) Earns "Buy (B)" Rating from Weiss Ratings

Key Points

• UL Solutions has been reissued a "Buy (B)" rating by Weiss Ratings, reflecting positive outlook among analysts.
• UBS Group and JPMorgan Chase & Co. have raised their target prices for UL Solutions to $75.00 and $70.00 respectively, indicating confidence in the stock's performance.
• The company reported a quarterly earnings of $0.52 per share, surpassing estimates and showing a 6.3% increase in revenue year-over-year.

UL Solutions (NYSE:ULS - Get Free Report)'s stock had its "buy (b)" rating reissued by research analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

Other research analysts also recently issued reports about the company. UBS Group increased their target price on UL Solutions from $70.00 to $75.00 and gave the company a "neutral" rating in a research report on Tuesday, October 14th. JPMorgan Chase & Co. increased their target price on UL Solutions from $64.00 to $70.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 6th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, UL Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $71.57.

UL Solutions Stock Performance

NYSE:ULS traded up $0.86 during mid-day trading on Friday, reaching $80.02. The company's stock had a trading volume of 412,584 shares, compared to its average volume of 775,735. UL Solutions has a 12-month low of $48.54 and a 12-month high of $80.69. The firm's fifty day moving average price is $69.08 and its two-hundred day moving average price is $67.93. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.55. The stock has a market cap of $16.07 billion, a P/E ratio of 49.38 and a beta of 1.04.

UL Solutions (NYSE:ULS - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.47 by $0.05. The firm had revenue of $776.00 million during the quarter, compared to analyst estimates of $771.55 million. UL Solutions had a net margin of 11.08% and a return on equity of 37.33%. The business's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, equities analysts forecast that UL Solutions will post 1.69 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ULS. Parkside Financial Bank & Trust increased its position in shares of UL Solutions by 48.4% in the second quarter. Parkside Financial Bank & Trust now owns 524 shares of the company's stock valued at $38,000 after buying an additional 171 shares in the last quarter. Elequin Capital LP purchased a new stake in shares of UL Solutions in the first quarter valued at approximately $31,000. Northwestern Mutual Wealth Management Co. increased its position in shares of UL Solutions by 3,070.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 634 shares of the company's stock valued at $46,000 after buying an additional 614 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of UL Solutions by 28.2% in the second quarter. PNC Financial Services Group Inc. now owns 731 shares of the company's stock valued at $53,000 after buying an additional 161 shares in the last quarter. Finally, Rhumbline Advisers purchased a new stake in shares of UL Solutions in the first quarter valued at approximately $49,000.

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.

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