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

TIC Solutions, Inc (NYSE:TIC) has earned an average recommendation of “Hold” from the seven ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.60.

Several analysts have weighed in on the stock. Robert W. Baird set a $10.00 target price on shares of TIC Solutions in a research report on Friday, August 7th. JPMorgan Chase & Co. boosted their price objective on shares of TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. Zacks Research raised TIC Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. UBS Group upgraded TIC Solutions from a “neutral” rating to a “buy” rating and raised their target price for the stock from $11.00 to $12.50 in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TIC Solutions in a research report on Tuesday, June 9th.

TIC Solutions Stock Performance

Shares of TIC Solutions stock opened at $10.07 on Friday. The firm has a market capitalization of $2.20 billion, a P/E ratio of -17.36 and a beta of 2.83. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $8.06 and a 200 day moving average price of $8.46. TIC Solutions has a 52 week low of $6.36 and a 52 week high of $14.94.

Institutional Investors Weigh In On TIC Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the company. Quantbot Technologies LP purchased a new stake in TIC Solutions in the second quarter valued at approximately $29,000. National Bank of Canada FI acquired a new position in TIC Solutions in the 3rd quarter worth approximately $53,000. Principal Financial Group Inc. purchased a new position in TIC Solutions during the 1st quarter worth approximately $69,000. Tower Research Capital LLC TRC purchased a new position in TIC Solutions during the 2nd quarter worth approximately $82,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in TIC Solutions by 10.1% during the 1st 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 acquiring an additional 1,165 shares during the period.

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.