Brokerages Set TIC Solutions, Inc (NYSE:TIC) Price Target at $11.60

Shares of TIC Solutions, Inc (NYSE:TIC) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $11.60.

TIC has been the topic of several analyst reports. UBS Group upgraded shares of TIC Solutions from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $11.00 to $12.50 in a report on Tuesday, August 11th. Robert W. Baird set a $10.00 price objective on shares of TIC Solutions in a research note on Friday, August 7th. Roth Capital reissued a “buy” rating and set a $11.50 target price on shares of TIC Solutions in a research report on Thursday, May 7th. Zacks Research raised shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th.

TIC Solutions Price Performance

TIC stock opened at $9.31 on Friday. The company has a market capitalization of $2.03 billion, a P/E ratio of -16.06 and a beta of 2.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.91 and a current ratio of 2.91. TIC Solutions has a 52-week low of $6.36 and a 52-week high of $14.94. The business has a 50-day simple moving average of $8.13 and a two-hundred day simple moving average of $8.44.

TIC Solutions (NYSE:TIC) last announced its quarterly earnings results 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. TIC Solutions had a negative return on equity of 2.30% and a negative net margin of 5.64%.The business had revenue of $584.35 million during the quarter. Research analysts expect that TIC Solutions will post 0.23 EPS for the current fiscal year.

Institutional Trading of TIC Solutions

A number of hedge funds have recently bought and sold shares of TIC. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of 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 worth $83,000 after purchasing an additional 1,165 shares during the period. HB Wealth Management LLC grew its position in TIC Solutions by 22.9% during the first quarter. HB Wealth Management LLC now owns 18,521 shares of the company’s stock valued at $122,000 after buying an additional 3,445 shares during the period. Quantbot Technologies LP bought a new position in TIC Solutions during the second quarter valued at about $29,000. National Bank of Canada FI purchased a new stake in TIC Solutions during the third quarter worth about $53,000. Finally, Handelsbanken Fonder AB increased its holdings in TIC Solutions by 10.2% during the second quarter. Handelsbanken Fonder AB now owns 45,200 shares of the company’s stock worth $366,000 after buying an additional 4,200 shares during the last quarter.

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.