TIC Solutions, Inc (NYSE:TIC) Stock Rated "Hold" by Sell-Side Brokerages

Key Points

• Analysts hold a mixed view of TIC Solutions: seven brokerages give the stock a consensus “Hold” rating, with three buys, three holds, and one sell. The average 12-month price target is $12.00 versus a recent share price of $8.26.
• Recent analyst actions were generally positive, including UBS upgrading the stock to “Buy” with a $12.50 target and JPMorgan raising its rating to “Neutral” with an $11 target.
• TIC Solutions beat quarterly earnings expectations, reporting $0.14 EPS versus the $0.10 consensus on $584.35 million in revenue, though the company continued to post a negative net margin and return on equity.

Shares of TIC Solutions, Inc (NYSE:TIC - Get Free Report) have been assigned a consensus rating of "Hold" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $12.00.

Several research analysts have recently issued reports on TIC shares. Robert W. Baird set a $10.00 target price on shares of TIC Solutions in a research note on Friday, August 7th. Weiss Ratings restated a "sell (d-)" rating on shares of TIC Solutions in a research report on Friday, September 4th. UBS Group upgraded TIC Solutions from a "neutral" rating to a "buy" rating and upped their price objective for the company from $11.00 to $12.50 in a report on Tuesday, August 11th. JPMorgan Chase & Co. raised TIC Solutions from an "underweight" rating to a "neutral" rating and increased their target price for the company from $9.00 to $11.00 in a research note on Friday, August 21st. Finally, Zacks Research upgraded TIC Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 15th.

Hedge Funds Weigh In On TIC Solutions

Several institutional investors and hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in TIC Solutions by 446.1% during the 3rd quarter. Versant Capital Management Inc now owns 4,822 shares of the company's stock worth $40,000 after purchasing an additional 3,939 shares in the last quarter. NewEdge Advisors LLC lifted its stake in TIC Solutions by 9.2% in the second quarter. NewEdge Advisors LLC now owns 28,210 shares of the company's stock valued at $228,000 after buying an additional 2,365 shares in the last quarter. IFP Advisors Inc lifted its stake in TIC Solutions by 137.5% in the second quarter. IFP Advisors Inc now owns 3,441 shares of the company's stock valued at $28,000 after buying an additional 1,992 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of TIC Solutions by 522.5% in the second quarter. Squarepoint Ops LLC now owns 302,249 shares of the company's stock valued at $2,445,000 after buying an additional 253,697 shares during the period. Finally, Range Advisory LLC acquired a new position in shares of TIC Solutions in the second quarter valued at approximately $139,000.

TIC Solutions Stock Down 0.3%

Shares of TIC opened at $8.26 on Friday. The business's fifty day moving average price is $9.05 and its two-hundred day moving average price is $8.41. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of -14.23 and a beta of 3.00. TIC Solutions has a 52 week low of $6.36 and a 52 week high of $14.65. 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 (NYSE:TIC - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The business 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%. On average, analysts predict that TIC Solutions will post 0.29 earnings per share for the current year.

About TIC Solutions

Acuren Corporation provides critical asset integrity services in North America. Its activities include various nondestructive testing (NDT) solutions, 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, avoid accidents, and comply with regulatory requirements without destroying the asset or component.

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