UBS Group Issues Pessimistic Forecast for TIC Solutions (NYSE:TIC) Stock Price

TIC Solutions (NYSE:TIC) had its price target decreased by investment analysts at UBS Group from $11.50 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 1.78% from the company’s current price.

Several other equities research analysts also recently issued reports on the company. Weiss Ratings assumed coverage on TIC Solutions in a report on Thursday. They set a “sell (d-)” rating on the stock. JPMorgan Chase & Co. restated a “neutral” rating and issued a $8.00 price target (down from $14.00) on shares of TIC Solutions in a research note on Friday. Zacks Research cut shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. Finally, Roth Mkm assumed coverage on shares of TIC Solutions in a report on Tuesday. They set a “buy” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $8.67.

TIC Solutions Stock Up 3.4%

NYSE TIC traded up $0.26 during trading hours on Tuesday, hitting $7.86. The company had a trading volume of 1,390,619 shares, compared to its average volume of 2,583,946. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.73. TIC Solutions has a fifty-two week low of $6.73 and a fifty-two week high of $14.94. The company has a market cap of $1.74 billion and a P/E ratio of -14.56.

TIC Solutions (NYSE:TIC) last issued its quarterly earnings data on Thursday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.29). TIC Solutions had a negative net margin of 5.69% and a negative return on equity of 4.37%. The firm had revenue of $508.27 million during the quarter, compared to analyst estimates of $531.05 million.

About TIC Solutions

TIC Solutions, Inc provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, such as radiography, ultrasonic testing, magnetic particle inspection, penetrant testing, and visual inspection. Its NDT activities include inspection and evaluation of industrial equipment through various technology-enabled methods to ensure asset integrity, prevent costly outages, failures, and accidents, and meet regulatory requirements without damaging the asset or component.