TIC Solutions, Inc (NYSE:TIC) Receives Consensus Recommendation of “Hold” from Analysts

TIC Solutions, Inc (NYSE:TIC) has been given an average recommendation of “Hold” by the seven brokerages that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $11.50.

A number of equities analysts have recently issued reports on TIC shares. JPMorgan Chase & Co. increased their target price on TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Zacks Research raised TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. UBS Group increased their target price on TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Robert W. Baird set a $11.00 target price on TIC Solutions in a research note on Thursday, May 7th. Finally, Weiss Ratings initiated coverage on shares of TIC Solutions in a report on Thursday, March 12th. They set a “sell (d-)” rating on the stock.

Institutional Investors Weigh In On TIC Solutions

Institutional investors have recently modified their holdings of the company. FNY Investment Advisers LLC purchased a new stake in shares of TIC Solutions during the 3rd quarter worth approximately $33,000. Clearstead Advisors LLC purchased a new position in TIC Solutions in the 3rd quarter valued at approximately $43,000. National Bank of Canada FI purchased a new position in TIC Solutions in the 3rd quarter valued at approximately $53,000. Tower Research Capital LLC TRC purchased a new position in TIC Solutions in the 2nd quarter valued at approximately $82,000. Finally, Dauntless Investment Group LLC purchased a new position in TIC Solutions in the 3rd quarter valued at approximately $110,000.

TIC Solutions Stock Performance

Shares of TIC stock opened at $8.38 on Friday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of -16.11 and a beta of 2.90. The stock has a 50 day simple moving average of $8.30 and a 200-day simple moving average of $9.23. TIC Solutions has a 12-month low of $6.36 and a 12-month high of $14.94. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74.

About TIC Solutions

Acuren Group Inc (NYSEAMERICAN:TIC) is a leading provider of non‐destructive testing (NDT), inspection, engineering and consulting services to the energy, petrochemical, manufacturing and infrastructure sectors. The company employs a range of advanced testing techniques—such as ultrasonic, radiographic, magnetic particle, liquid penetrant, eddy current and acoustic emission—to evaluate the integrity of pressure vessels, pipelines, storage tanks and other critical assets. By combining field inspections with laboratory analysis, Acuren helps clients identify defects, prevent equipment failures and meet regulatory requirements.

In addition to core NDT capabilities, Acuren offers specialty engineering and consulting services including fitness‐for‐service assessments, corrosion under insulation surveys, mechanical integrity programs, failure analysis and field machining.