Jefferies Financial Group Initiates Coverage on UL Solutions (NYSE:ULS)

Equities researchers at Jefferies Financial Group initiated coverage on shares of UL Solutions (NYSE:ULS) in a note issued to investors on Tuesday, MarketBeat Ratings reports. The brokerage set a “buy” rating and a $42.00 price target on the stock. Jefferies Financial Group’s price objective would suggest a potential upside of 17.45% from the company’s previous close.

A number of other research analysts also recently weighed in on ULS. Citigroup began coverage on UL Solutions in a research note on Tuesday. They issued a “buy” rating and a $41.00 price target for the company. Robert W. Baird began coverage on UL Solutions in a research note on Tuesday. They issued an “outperform” rating and a $40.00 price target for the company. Wells Fargo & Company began coverage on UL Solutions in a research note on Tuesday. They issued an “overweight” rating and a $40.00 price target for the company. JPMorgan Chase & Co. began coverage on UL Solutions in a research note on Tuesday. They issued an “overweight” rating and a $39.00 price target for the company. Finally, Bank of America began coverage on UL Solutions in a research note on Tuesday. They issued a “buy” rating and a $42.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, UL Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $40.30.

UL Solutions Stock Down 0.1 %

NYSE:ULS opened at $35.76 on Tuesday. UL Solutions has a 52-week low of $33.15 and a 52-week high of $36.92.

Insider Activity

In other news, CEO Jennifer F. Scanlon purchased 89,285 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was acquired at an average cost of $28.00 per share, with a total value of $2,499,980.00. Following the acquisition, the chief executive officer now owns 89,285 shares in the company, valued at approximately $2,499,980. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Weifang Zhou acquired 26,786 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was purchased at an average cost of $28.00 per share, with a total value of $750,008.00. Following the acquisition, the insider now directly owns 26,786 shares of the company’s stock, valued at $750,008. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Jennifer F. Scanlon acquired 89,285 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was bought at an average cost of $28.00 per share, with a total value of $2,499,980.00. Following the completion of the acquisition, the chief executive officer now directly owns 89,285 shares in the company, valued at $2,499,980. The disclosure for this purchase can be found here. Insiders acquired a total of 199,997 shares of company stock valued at $5,599,916 over the last three months.

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.