TIC Solutions, Inc (NYSE:TIC) Receives Consensus Rating of “Reduce” from Analysts

Shares of TIC Solutions, Inc (NYSE:TIC) have been assigned an average recommendation of “Reduce” from the seven analysts that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $11.50.

A number of brokerages recently commented on TIC. JPMorgan Chase & Co. raised their price target on TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. Roth Mkm reiterated a “buy” rating and set a $11.50 price objective on shares of TIC Solutions in a research note on Thursday, May 7th. Zacks Research lowered shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a report on Monday, June 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TIC Solutions in a report on Tuesday, June 9th. Finally, UBS Group increased their price target on shares of TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research report on Thursday, May 7th.

TIC Solutions Price Performance

Shares of NYSE TIC opened at $8.26 on Thursday. The stock has a market capitalization of $1.83 billion, a PE ratio of -15.89 and a beta of 2.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.06 and a quick ratio of 3.06. The business has a fifty day moving average price of $8.65 and a two-hundred day moving average price of $9.13. TIC Solutions has a fifty-two week low of $6.36 and a fifty-two week high of $14.94.

Institutional Investors Weigh In On TIC Solutions

Large investors have recently modified their holdings of the business. Apis Capital Advisors LLC bought a new stake in shares of TIC Solutions during the 3rd quarter worth $2,476,000. JPMorgan Chase & Co. raised its stake in TIC Solutions by 328.9% during the third quarter. JPMorgan Chase & Co. now owns 209,938 shares of the company’s stock worth $2,794,000 after acquiring an additional 160,992 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TIC Solutions in the fourth quarter worth about $2,246,000. Tudor Investment Corp ET AL bought a new position in shares of TIC Solutions in the third quarter worth about $1,832,000. Finally, Portolan Capital Management LLC acquired a new stake in shares of TIC Solutions in the 3rd quarter valued at approximately $6,295,000.

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.