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

Shares of TIC Solutions, Inc (NYSE:TIC) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $11.50.

TIC has been the topic of a number of analyst reports. Weiss Ratings initiated coverage on TIC Solutions in a research note on Thursday, March 12th. They issued a “sell (d-)” rating on the stock. Zacks Research raised TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Roth Mkm reissued a “buy” rating and issued a $11.50 price target on shares of TIC Solutions in a research note on Thursday, May 7th. Robert W. Baird set a $11.00 price target on TIC Solutions in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. increased their price objective on TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th.

TIC Solutions Trading Down 2.4%

Shares of TIC opened at $8.17 on Friday. The business’s 50-day moving average price is $8.22 and its 200 day moving average price is $9.31. The stock has a market capitalization of $1.81 billion, a P/E ratio of -15.71 and a beta of 3.21. TIC Solutions has a 1-year low of $6.36 and a 1-year high of $14.94. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74.

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

Institutional Investors Weigh In On TIC Solutions

Several hedge funds have recently bought and sold shares of the business. Carlson Capital L.P. purchased a new stake in TIC Solutions in the 1st quarter worth about $572,000. NewEdge Advisors LLC purchased a new stake in TIC Solutions in the 1st quarter worth about $170,000. Bank of America Corp DE lifted its stake in TIC Solutions by 219.2% in the 1st quarter. Bank of America Corp DE now owns 667,523 shares of the company’s stock worth $4,392,000 after acquiring an additional 458,431 shares in the last quarter. California State Teachers Retirement System lifted its stake in TIC Solutions by 35.7% in the 1st quarter. California State Teachers Retirement System now owns 189,139 shares of the company’s stock worth $1,245,000 after acquiring an additional 49,794 shares in the last quarter. Finally, Quantinno Capital Management LP lifted its stake in TIC Solutions by 605.5% in the 1st quarter. Quantinno Capital Management LP now owns 177,066 shares of the company’s stock worth $1,165,000 after acquiring an additional 151,968 shares in the last quarter.

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.