UL Solutions (NYSE:ULS) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has increased its price target for UL Solutions from $64.00 to $70.00, indicating a potential upside of 6.97% based on the stock's previous close.
• Other analysts have also raised their price targets, with Wells Fargo increasing theirs from $65.00 to $77.00, reflecting strong confidence in the stock's performance.
• UL Solutions reported earnings per share of $0.52 for the last quarter, surpassing analysts' expectations of $0.47, showcasing a 6.3% revenue increase year-over-year.

UL Solutions (NYSE:ULS - Get Free Report) had its price objective increased by JPMorgan Chase & Co. from $64.00 to $70.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 6.97% from the stock's previous close.

A number of other equities analysts have also commented on ULS. Wells Fargo & Company lifted their price target on shares of UL Solutions from $65.00 to $77.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. Citigroup reiterated a "neutral" rating and issued a $71.00 target price (up previously from $60.50) on shares of UL Solutions in a research note on Wednesday, May 14th. Raymond James Financial increased their price target on UL Solutions from $60.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. The Goldman Sachs Group upped their price target on UL Solutions from $57.00 to $63.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird raised their price objective on shares of UL Solutions from $60.00 to $73.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $70.86.

UL Solutions Price Performance

Shares of NYSE ULS traded up $0.81 during midday trading on Wednesday, reaching $65.44. 1,854,885 shares of the company were exchanged, compared to its average volume of 794,801. The stock's 50-day moving average price is $71.06 and its 200-day moving average price is $62.14. The stock has a market cap of $13.12 billion, a P/E ratio of 39.18 and a beta of 1.00. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.66. UL Solutions has a one year low of $46.79 and a one year high of $74.15.

UL Solutions (NYSE:ULS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.05. The business had revenue of $776.00 million during the quarter, compared to analysts' expectations of $771.55 million. UL Solutions had a return on equity of 40.79% and a net margin of 11.60%. 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, sell-side analysts anticipate that UL Solutions will post 1.69 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other UL Solutions news, EVP Alberto Uggetti sold 1,961 shares of UL Solutions stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $70.00, for a total transaction of $137,270.00. Following the completion of the sale, the executive vice president owned 9,285 shares of the company's stock, valued at $649,950. The trade was a 17.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ULS. Sowell Financial Services LLC bought a new stake in shares of UL Solutions in the first quarter worth about $227,000. Fifth Third Bancorp grew its stake in UL Solutions by 75.3% in the first quarter. Fifth Third Bancorp now owns 9,795 shares of the company's stock worth $552,000 after purchasing an additional 4,206 shares during the period. SG Americas Securities LLC purchased a new stake in UL Solutions in the first quarter worth $417,000. Vest Financial LLC bought a new stake in shares of UL Solutions during the 1st quarter valued at $881,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of UL Solutions during the 4th quarter valued at $332,000.

UL Solutions Company Profile

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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