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

TIC Solutions, Inc (NYSE:TIC) has been given an average rating 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 target among analysts that have issued a report on the stock in the last year is $11.50.

Several brokerages have recently weighed in on TIC. Zacks Research upgraded shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upped their price objective on TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $11.00 price objective on TIC Solutions in a research report on Thursday, May 7th. UBS Group lifted their target price on TIC Solutions from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of TIC Solutions in a report on Tuesday, June 9th.

Hedge Funds Weigh In On TIC Solutions

A number of large investors have recently bought and sold shares of TIC. FNY Investment Advisers LLC acquired a new stake in shares of TIC Solutions in the 3rd quarter worth $33,000. National Bank of Canada FI purchased a new position in TIC Solutions during the third quarter worth about $53,000. Tower Research Capital LLC TRC purchased a new position in TIC Solutions during the second quarter worth about $82,000. Dauntless Investment Group LLC acquired a new stake in TIC Solutions in the third quarter valued at about $110,000. Finally, BNP Paribas Financial Markets acquired a new stake in TIC Solutions in the second quarter valued at about $97,000.

TIC Solutions Trading Up 2.0%

Shares of TIC Solutions stock opened at $7.11 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.06 and a current ratio of 3.06. The company has a market capitalization of $1.57 billion, a P/E ratio of -13.67 and a beta of 2.81. TIC Solutions has a 1 year low of $6.36 and a 1 year high of $14.94. The company’s fifty day moving average is $8.02 and its two-hundred day moving average is $8.72.

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.