UL Solutions (NYSE:ULS) Earns Outperform Rating from Analysts at William Blair

William Blair initiated coverage on shares of UL Solutions (NYSE:ULS) in a research note released on Tuesday morning, MarketBeat reports. The brokerage issued an outperform rating on the stock. William Blair also issued estimates for UL Solutions’ FY2024 earnings at $1.54 EPS, FY2025 earnings at $1.59 EPS and FY2026 earnings at $1.70 EPS.

Other equities analysts also recently issued reports about the company. Jefferies Financial Group assumed coverage on UL Solutions in a research report on Tuesday. They set a buy rating and a $42.00 price objective for the company. Raymond James assumed coverage on UL Solutions in a research note on Tuesday. They issued an outperform rating and a $42.00 price target for the company. Wells Fargo & Company began coverage on shares of UL Solutions in a research note on Tuesday. They set an overweight rating and a $40.00 price objective on the stock. The Goldman Sachs Group assumed coverage on shares of UL Solutions in a research report on Tuesday. They issued a neutral rating and a $39.00 target price for the company. Finally, Robert W. Baird initiated coverage on shares of UL Solutions in a research report on Tuesday. They set an outperform rating and a $40.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $40.30.

UL Solutions Trading Up 0.3 %

NYSE:ULS traded up $0.12 during mid-day trading on Tuesday, hitting $36.68. The stock had a trading volume of 306,561 shares, compared to its average volume of 1,789,292. UL Solutions has a 52 week low of $33.15 and a 52 week high of $37.02.

Insider Buying and Selling

In related news, Director James M. Shannon purchased 7,142 shares of the firm’s stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average cost of $28.00 per share, with a total value of $199,976.00. Following the completion of the purchase, the director now directly owns 7,142 shares of the company’s stock, valued at $199,976. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CAO Karen K. Pepping bought 3,571 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, with a total value of $99,988.00. Following the transaction, the chief accounting officer now owns 3,571 shares in the company, valued at $99,988. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director James M. Shannon acquired 7,142 shares of UL Solutions stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, with a total value of $199,976.00. Following the completion of the purchase, the director now owns 7,142 shares in the company, valued at $199,976. The disclosure for this purchase can be found here. Insiders purchased 199,997 shares of company stock worth $5,599,916 in the last 90 days.

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.