TIC Solutions (NYSE:TIC) Upgraded at JPMorgan Chase & Co.

TIC Solutions (NYSE:TIC) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a report issued on Friday, Marketbeat reports. The firm currently has a $11.00 price target on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 21.41% from the stock’s current price.

Several other research analysts have also recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of TIC Solutions in a report on Tuesday, June 9th. Zacks Research upgraded shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research note 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. Roth Capital restated a “buy” rating and issued a $11.50 price objective on shares of TIC Solutions in a research note on Thursday, May 7th. Finally, UBS Group raised TIC Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $11.00 to $12.50 in a report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TIC Solutions currently has a consensus rating of “Hold” and an average target price of $12.00.

TIC Solutions Price Performance

Shares of NYSE TIC opened at $9.06 on Friday. The stock’s 50-day simple moving average is $8.17 and its 200-day simple moving average is $8.42. The firm has a market capitalization of $1.98 billion, a PE ratio of -15.62 and a beta of 2.83. TIC Solutions has a fifty-two week low of $6.36 and a fifty-two week high of $14.94. 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 (NYSE:TIC) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $584.35 million during the quarter. As a group, equities research analysts forecast that TIC Solutions will post 0.31 EPS for the current fiscal year.

Institutional Trading of TIC Solutions

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

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.