TIC Solutions, Inc (NYSE:TIC) Given Consensus Recommendation of “Hold” by Brokerages

TIC Solutions, Inc (NYSE:TIC) has received an average rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.60.

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th. UBS Group raised shares of TIC Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $11.00 to $12.50 in a research report on Tuesday, August 11th. Roth Capital reiterated a “buy” rating and issued a $11.50 price objective on shares of TIC Solutions in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of TIC Solutions in a research report on Tuesday, June 9th. Finally, Robert W. Baird set a $10.00 target price on shares of TIC Solutions in a research note on Friday, August 7th.

TIC Solutions Price Performance

Shares of NYSE TIC opened at $9.06 on Friday. The business’s 50 day moving average price is $8.17 and its two-hundred day moving average price is $8.42. The company has a market cap of $1.98 billion, a PE ratio of -15.62 and a beta of 2.83. 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 has a twelve month low of $6.36 and a twelve month high of $14.94.

TIC Solutions (NYSE:TIC) last released its quarterly earnings data 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 company had revenue of $584.35 million during the quarter. On average, analysts predict that TIC Solutions will post 0.31 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. acquired a new stake in TIC Solutions during the first quarter worth approximately $4,429,000. JPMorgan Chase & Co. grew its position in shares of TIC Solutions by 1,512.2% in the second quarter. JPMorgan Chase & Co. now owns 48,946 shares of the company’s stock valued at $540,000 after purchasing an additional 45,910 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of TIC Solutions in the second quarter valued at approximately $666,000. Rhumbline Advisers bought a new position in shares of TIC Solutions during the second quarter worth approximately $1,531,000. Finally, Prudential Financial Inc. bought a new position in shares of TIC Solutions during the second quarter worth approximately $132,000.

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.