TIC Solutions, Inc (NYSE:TIC) Given Consensus Rating of “Hold” by Analysts

Shares of TIC Solutions, Inc (NYSE:TIC) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $12.00.

TIC has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised TIC Solutions from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $9.00 to $11.00 in a report on Friday, August 21st. Zacks Research upgraded 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 target price on TIC Solutions in a research note on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of TIC Solutions in a research report on Tuesday, June 9th. Finally, UBS Group raised TIC Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $11.00 to $12.50 in a research note on Tuesday, August 11th.

Hedge Funds Weigh In On TIC Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new position in TIC Solutions during the 2nd quarter valued at about $29,000. National Bank of Canada FI acquired a new stake in shares of TIC Solutions in the 3rd quarter worth approximately $53,000. Tower Research Capital LLC TRC bought a new position in shares of TIC Solutions in the second quarter valued at approximately $82,000. Dauntless Investment Group LLC bought a new position in shares of TIC Solutions in the third quarter valued at approximately $110,000. Finally, BNP Paribas Financial Markets acquired a new position in shares of TIC Solutions during the second quarter valued at approximately $97,000.

TIC Solutions Trading Up 0.2%

Shares of NYSE:TIC opened at $9.38 on Tuesday. The company has a market cap of $2.05 billion, a PE ratio of -16.17 and a beta of 2.96. The company’s 50-day moving average price is $8.46 and its 200 day moving average price is $8.41. TIC Solutions has a fifty-two week low of $6.36 and a fifty-two week high of $14.94. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.76.

TIC Solutions (NYSE:TIC) last posted its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. TIC Solutions had a negative net margin of 5.64% and a negative return on equity of 2.30%. The firm had revenue of $584.35 million during the quarter. Sell-side analysts anticipate that TIC Solutions will post 0.29 earnings per share for the current year.

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.