TIC Solutions (NYSE:TIC) Stock Price Up 10.6% - Time to Buy?

Key Points

• TIC Solutions shares rose 10.6% to about $11.47, while trading volume was roughly 88% below its average.
• Analysts’ consensus rating is Hold, with a $12 average price target; recent ratings include upgrades to Hold or Neutral as well as a Sell rating.
• The company reported quarterly EPS of $0.18, beating the $0.15 estimate, on revenue of $639.62 million; its net margin remained negative at 5.10%.

TIC Solutions, Inc (NYSE:TIC - Get Free Report) shares traded up 10.6% on Monday. The stock traded as high as $11.49 and last traded at $11.4680. Approximately 258,683 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 2,238,232 shares. The stock had previously closed at $10.37.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird set a $10.00 price objective on shares of TIC Solutions in a research report on Friday, August 7th. Zacks Research raised TIC Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of TIC Solutions in a research report on Friday, September 4th. Wall Street Zen upgraded TIC Solutions from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, JPMorgan Chase & Co. upgraded TIC Solutions from an "underweight" rating to a "neutral" rating and boosted their price objective for the company from $9.00 to $11.00 in a research note on Friday, August 21st. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $12.00.

TIC Solutions Stock Performance

The firm has a market capitalization of $2.42 billion, a PE ratio of -20.21 and a beta of 2.75. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.91 and a current ratio of 2.91. The business's fifty day simple moving average is $9.26 and its 200-day simple moving average is $8.76.

TIC Solutions (NYSE:TIC - Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The firm had revenue of $639.62 million for the quarter. TIC Solutions had a negative net margin of 5.10% and a negative return on equity of 0.09%. As a group, equities research analysts expect that TIC Solutions, Inc will post 0.29 EPS for the current year.

Institutional Investors Weigh In On TIC Solutions

Several large investors have recently made changes to their positions in TIC. Drive Wealth Management LLC bought a new stake in TIC Solutions during the third quarter worth approximately $202,000. Lido Advisors LLC purchased a new stake in TIC Solutions during the third quarter valued at approximately $97,000. Fulcrum Asset Management LLP bought a new stake in shares of TIC Solutions in the 3rd quarter valued at approximately $212,000. Ascent Group LLC lifted its stake in shares of TIC Solutions by 10.7% in the 3rd quarter. Ascent Group LLC now owns 11,223 shares of the company's stock valued at $93,000 after purchasing an additional 1,088 shares during the last quarter. Finally, Hollow Brook Wealth Management LLC bought a new stake in shares of TIC Solutions in the 3rd quarter valued at approximately $268,000.

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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