TIC Solutions, Inc (NYSE:TIC) Given Average Recommendation of “Hold” by Brokerages

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

A number of equities research analysts have issued reports on TIC shares. Roth Capital reissued a “buy” rating and set a $11.50 target price on shares of TIC Solutions in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. Zacks Research upgraded TIC Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Finally, Robert W. Baird set a $11.00 price objective on TIC Solutions in a report on Thursday, May 7th.

Institutional Investors Weigh In On TIC Solutions

Several hedge funds and other institutional investors have recently modified their holdings of TIC. JPMorgan Chase & Co. grew its holdings in shares of TIC Solutions by 328.9% during the third quarter. JPMorgan Chase & Co. now owns 209,938 shares of the company’s stock worth $2,794,000 after purchasing an additional 160,992 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in TIC Solutions in the fourth quarter valued at approximately $2,246,000. Tudor Investment Corp ET AL purchased a new stake in TIC Solutions in the third quarter valued at approximately $1,832,000. Swedbank AB lifted its position in TIC Solutions by 7.0% during the first quarter. Swedbank AB now owns 4,380,000 shares of the company’s stock valued at $28,820,000 after purchasing an additional 286,000 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in TIC Solutions by 10.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,688 shares of the company’s stock valued at $83,000 after purchasing an additional 1,165 shares during the last quarter.

TIC Solutions Stock Up 0.1%

TIC opened at $6.86 on Monday. TIC Solutions has a 12 month low of $6.36 and a 12 month high of $14.94. The company has a market cap of $1.52 billion, a PE ratio of -13.18 and a beta of 2.81. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average of $8.24 and a 200 day moving average of $8.82.

TIC Solutions Company Profile

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.