TIC Solutions, Inc (NYSE:TIC) Receives Consensus Rating of “Hold” from Brokerages

TIC Solutions, Inc (NYSE:TIC) has earned a consensus recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $11.50.

Several analysts have recently weighed in on the company. Robert W. Baird set a $11.00 price objective on TIC Solutions in a report on Thursday, May 7th. Roth Mkm restated a “buy” rating and issued a $11.50 price objective on shares of TIC Solutions in a report on Thursday, May 7th. UBS Group upped their price objective on TIC Solutions from $8.00 to $11.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Zacks Research upgraded TIC Solutions from a “strong sell” rating to a “hold” rating in a report on Friday, May 15th. Finally, Weiss Ratings assumed coverage on TIC Solutions in a report on Thursday, March 12th. They issued a “sell (d-)” rating for the company.

Institutional Trading of TIC Solutions

Several institutional investors have recently modified their holdings of the company. Carlson Capital L.P. acquired a new stake in shares of TIC Solutions in the first quarter valued at $572,000. NewEdge Advisors LLC acquired a new stake in shares of TIC Solutions in the first quarter valued at $170,000. Bank of America Corp DE lifted its holdings in shares of TIC Solutions by 219.2% in the first quarter. Bank of America Corp DE now owns 667,523 shares of the company’s stock valued at $4,392,000 after buying an additional 458,431 shares during the period. California State Teachers Retirement System lifted its holdings in shares of TIC Solutions by 35.7% in the first quarter. California State Teachers Retirement System now owns 189,139 shares of the company’s stock valued at $1,245,000 after buying an additional 49,794 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of TIC Solutions by 605.5% in the first quarter. Quantinno Capital Management LP now owns 177,066 shares of the company’s stock valued at $1,165,000 after buying an additional 151,968 shares during the period.

TIC Solutions Trading Down 2.4%

NYSE:TIC opened at $8.17 on Friday. TIC Solutions has a 1 year low of $6.36 and a 1 year high of $14.94. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of -15.71 and a beta of 3.21. The business has a fifty day moving average of $8.22 and a 200-day moving average of $9.31. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.06 and a current ratio of 3.06.

TIC Solutions (NYSE:TIC) last released its quarterly earnings results on Wednesday, May 6th. The company reported ($0.19) earnings per share (EPS) for the quarter. TIC Solutions had a negative return on equity of 3.82% and a negative net margin of 5.77%.The business had revenue of $488.03 million during the quarter. Equities analysts predict that TIC Solutions will post 0.24 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.