UL Solutions (NYSE:ULS) Earns Buy Rating from Analysts at Citigroup

Equities research analysts at Citigroup began coverage on shares of UL Solutions (NYSE:ULS) in a research note issued to investors on Tuesday, Briefing.com reports. The brokerage set a “buy” rating and a $41.00 price target on the stock. Citigroup’s price objective would indicate a potential upside of 13.67% from the stock’s previous close.

A number of other equities research analysts have also issued reports on ULS. Wells Fargo & Company started coverage on UL Solutions in a research report on Tuesday. They issued an “overweight” rating and a $40.00 price target for the company. Bank of America initiated coverage on UL Solutions in a research note on Tuesday. They set a “buy” rating and a $42.00 price objective on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $40.30.

UL Solutions Price Performance

ULS opened at $36.07 on Tuesday. UL Solutions has a twelve month low of $33.15 and a twelve month high of $36.07.

Insider Activity

In other news, EVP Linda S. Chapin bought 1,785 shares of the stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average cost of $28.00 per share, for a total transaction of $49,980.00. Following the acquisition, the executive vice president now directly owns 1,785 shares of the company’s stock, valued at approximately $49,980. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other UL Solutions news, EVP Linda S. Chapin acquired 1,785 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was purchased at an average price of $28.00 per share, for a total transaction of $49,980.00. Following the completion of the acquisition, the executive vice president now owns 1,785 shares of the company’s stock, valued at approximately $49,980. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Jennifer F. Scanlon bought 89,285 shares of UL Solutions stock in a transaction on Tuesday, April 16th. The shares were acquired at an average price of $28.00 per share, for a total transaction of $2,499,980.00. Following the completion of the acquisition, the chief executive officer now owns 89,285 shares in the company, valued at $2,499,980. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 199,997 shares of company stock valued at $5,599,916.

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.