Acuren (NYSEAMERICAN:TIC) Coverage Initiated at JPMorgan Chase & Co.

Stock analysts at JPMorgan Chase & Co. began coverage on shares of Acuren (NYSEAMERICAN:TIC) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage set an “overweight” rating and a $16.00 price target on the stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 39.74% from the stock’s previous close.

Several other analysts have also issued reports on TIC. Baird R W upgraded Acuren to a “hold” rating in a report on Thursday, October 9th. UBS Group cut their price target on Acuren from $15.00 to $11.50 and set a “neutral” rating for the company in a research note on Friday, November 14th. Zacks Research raised Acuren to a “hold” rating in a research note on Tuesday, December 16th. Robert W. Baird assumed coverage on shares of Acuren in a research report on Thursday, October 9th. They set a “neutral” rating and a $15.00 price objective on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $15.00 target price on shares of Acuren in a research report on Friday, November 14th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Acuren presently has an average rating of “Hold” and a consensus price target of $14.38.

Acuren Trading Up 5.2%

TIC stock opened at $11.45 on Friday. The company has a 50 day moving average of $10.23 and a two-hundred day moving average of $11.19. Acuren has a 12-month low of $8.76 and a 12-month high of $14.94.

Institutional Investors Weigh In On Acuren

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Granite FO LLC acquired a new position in Acuren in the third quarter worth about $27,000. Nisa Investment Advisors LLC raised its holdings in shares of Acuren by 123.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock worth $30,000 after buying an additional 1,258 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of Acuren in the 3rd quarter worth approximately $33,000. Blue Trust Inc. bought a new position in shares of Acuren during the 3rd quarter worth approximately $38,000. Finally, Amalgamated Bank acquired a new stake in Acuren in the 2nd quarter valued at $39,000.

Acuren 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.