TIC Solutions, Inc (NYSE:TIC) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on TIC Solutions, with three buys, three holds and one sell among seven covering brokerages. The average 12-month price target is $12.00.
• Recent rating changes were mixed but generally improved: UBS upgraded the stock to “Buy” with a $12.50 target, while JPMorgan raised its rating to “Neutral” and set an $11.00 target; Weiss Ratings maintained a “Sell” rating.
• TIC Solutions recently reported quarterly EPS of $0.14, exceeding the $0.10 consensus estimate, on revenue of $584.35 million. The stock opened at $9.38, compared with a 52-week range of $6.36 to $14.94.

Shares of TIC Solutions, Inc (NYSE:TIC - Get Free Report) have received a consensus recommendation of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.00.

A number of equities analysts have commented on TIC shares. UBS Group raised shares of TIC Solutions from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $11.00 to $12.50 in a report on Tuesday, August 11th. Zacks Research raised shares of TIC Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 15th. Robert W. Baird set a $10.00 price target on shares of TIC Solutions in a research report on Friday, August 7th. JPMorgan Chase & Co. raised shares of TIC Solutions from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $9.00 to $11.00 in a report on Friday, August 21st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of TIC Solutions in a research report on Tuesday, June 9th.

Hedge Funds Weigh In On TIC Solutions

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantbot Technologies LP bought a new position in shares of TIC Solutions during the second quarter valued at approximately $29,000. National Bank of Canada FI bought a new stake in shares of TIC Solutions in the 3rd quarter worth approximately $53,000. Tower Research Capital LLC TRC bought a new stake in shares of TIC Solutions in the 2nd quarter worth approximately $82,000. Dauntless Investment Group LLC acquired a new position in TIC Solutions during the 3rd quarter valued at approximately $110,000. Finally, BNP Paribas Financial Markets bought a new position in TIC Solutions during the 2nd quarter worth $97,000.

TIC Solutions Price Performance

TIC opened at $9.38 on Tuesday. The company has a market capitalization of $2.05 billion, a P/E ratio of -16.17 and a beta of 2.96. The company has a 50-day moving average of $8.46 and a 200-day moving average of $8.41. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.91 and a current ratio of 2.91. TIC Solutions has a 1-year low of $6.36 and a 1-year high of $14.94.

TIC Solutions (NYSE:TIC - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.04. The company had revenue of $584.35 million for the quarter. TIC Solutions had a negative return on equity of 2.30% and a negative net margin of 5.64%. Equities analysts expect that TIC Solutions will post 0.29 EPS for the current fiscal 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.

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