UL Solutions Inc. (NYSE:ULS – Get Free Report) has been given a consensus rating of “Moderate Buy” by the twelve brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.80.
ULS has been the topic of a number of recent research reports. Bank of America started coverage on shares of UL Solutions in a research note on Tuesday, May 7th. They issued a “buy” rating and a $42.00 price objective on the stock. Citigroup initiated coverage on UL Solutions in a research note on Tuesday, May 7th. They set a “buy” rating and a $41.00 price objective for the company. Baird R W raised UL Solutions to a “strong-buy” rating in a research report on Tuesday, May 7th. The Goldman Sachs Group assumed coverage on UL Solutions in a report on Tuesday, May 7th. They issued a “neutral” rating and a $39.00 target price on the stock. Finally, William Blair started coverage on UL Solutions in a report on Tuesday, May 7th. They set an “outperform” rating for the company.
View Our Latest Research Report on UL Solutions
Insider Activity
UL Solutions Price Performance
UL Solutions stock opened at $42.19 on Wednesday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.27. UL Solutions has a fifty-two week low of $33.15 and a fifty-two week high of $43.85. The firm has a 50-day moving average price of $38.43.
UL Solutions (NYSE:ULS – Get Free Report) last posted its quarterly earnings data on Monday, May 20th. The company reported $0.28 earnings per share for the quarter, meeting the consensus estimate of $0.28. The firm had revenue of $670.00 million during the quarter, compared to analyst estimates of $667.66 million. On average, research analysts anticipate that UL Solutions will post 1.45 earnings per share for the current fiscal year.
UL Solutions Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 18th. Shareholders of record on Monday, June 3rd were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $0.50 annualized dividend and a dividend yield of 1.19%.
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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