TIC Solutions, Inc (NYSE:TIC) Stock Has Consensus Price Target of $12.00 According to Analysts

TIC Solutions, Inc (NYSE:TIC) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $12.00.

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised shares of TIC Solutions from an “underweight” rating to a “neutral” rating and lifted their target price for the stock from $9.00 to $11.00 in a research report on Friday, August 21st. UBS Group restated a “buy” rating on shares of TIC Solutions in a report on Monday, October 19th. Zacks Research upgraded shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Robert W. Baird set a $10.00 price target on shares of TIC Solutions in a research report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TIC Solutions in a research note on Friday, September 4th.

Institutional Trading of TIC Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Permian Investment Partners LP purchased a new position in shares of TIC Solutions during the second quarter valued at $172,398,660. Jefferies Financial Group Inc. acquired a new position in TIC Solutions during the second quarter valued at $40,450,000. Bank of America Corp DE acquired a new position in TIC Solutions during the second quarter valued at $13,631,000. NewEdge Wealth LLC acquired a new position in TIC Solutions during the second quarter valued at $8,030,000. Finally, Bank of New York Mellon Corp purchased a new stake in TIC Solutions in the 2nd quarter worth about $4,468,000.

TIC Solutions Price Performance

Shares of TIC opened at $10.02 on Wednesday. The business’s 50-day moving average price is $9.14 and its 200 day moving average price is $8.80. TIC Solutions has a 1-year low of $6.36 and a 1-year high of $12.94.

TIC Solutions (NYSE:TIC) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. The company had revenue of $584.35 million for the quarter. On average, equities research analysts anticipate that TIC Solutions will post 0.29 earnings per share for the current year.

About TIC Solutions

Acuren Corporation provides critical asset integrity services in North America. Its activities include various nondestructive testing (NDT) solutions, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, avoid accidents, and comply with regulatory requirements without destroying the asset or component.