William Blair raised the price target for the UL Solutions Inc (NYSE:ULS) stock to “an Outperform”. The rating was released on May 07, 2024, according to finviz. The research report from UBS has initiated the stock to Neutral, with a price target set at $38. The stock was initiated by Stifel, who disclosed in a research note on May 07, 2024, to Buy and set the price objective to $40. In their research brief published May 07, 2024, Robert W. Baird analysts initiated the UL Solutions Inc stock to Outperform with a price target of $40.
The latest trade, Performances and Moving Averages give us the following Picture
The firm’s stock price fluctuated 4.37% within the last five trades and 10.86% within the last 30 trades, which was a significant change from the beginning of this year. ULS stock is trading at a margin of 5.53%, 11.70% and 12.72% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
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As of the close of trading, ULS deals in the Industrials domain. The stock is trading -2.49 percent below its 52-week high and 28.99 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is null. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does UL Solutions Inc’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 15.52 percent and the profit margin is 9.60 percent, and the company has reported a gross margin of 48.00 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $8.55 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for UL Solutions Inc (NYSE:ULS) is 32.77. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 28.03. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 3.15 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 12.75, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 80.86 percent of UL Solutions Inc shares are owned by insiders, and 0.00 percent are held by financial institutions. Coyne Frank J, the Director at UL Solutions Inc (ULS) has bought 107,142 shares of firm on Apr 16 ’24 at a price of $28.00 against the total amount of $3.0 million. In another inside trade, Scanlon Jennifer F., President and CEO of UL Solutions Inc (NYSE:ULS) bought 89,285 shares of the firm on Apr 16 ’24 for a total worth of $2.5 million at a price of $28.00. An inside trade which took place on Apr 16 ’24, Director of UL Solutions Inc DOLLIVE JAMES P bought 71,428 shares of firm against total price of $2.0 million at the cost of $28.00 per share.
