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

Key Points

• Analyst sentiment is mixed: TIC Solutions has an average “Hold” rating from seven brokerages, with three buys, two holds and two sells. The average 12-month price target is $11.60.
• UBS upgraded the stock to “Buy” and raised its price target to $12.50, while other analysts’ targets range from $9.00 to $11.50; JPMorgan remains underweight and Weiss Ratings maintains a sell rating.
• TIC Solutions shares opened at $10.07, down 1.2%, with a market capitalization of approximately $2.20 billion. Institutional investors have generally increased or initiated positions in the company.

TIC Solutions, Inc (NYSE:TIC - Get Free Report) has been assigned an average rating of "Hold" from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $11.60.

A number of equities research analysts recently weighed in on TIC shares. UBS Group raised TIC Solutions from a "neutral" rating to a "buy" rating and raised their price objective for the company from $11.00 to $12.50 in a research report on Tuesday. Robert W. Baird set a $10.00 target price on shares of TIC Solutions in a report on Friday, August 7th. JPMorgan Chase & Co. increased their price target on shares of TIC Solutions from $7.00 to $9.00 and gave the company an "underweight" rating in a research report on Thursday, May 7th. Roth Capital restated a "buy" rating and issued a $11.50 price target on shares of TIC Solutions in a report on Thursday, May 7th. 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

Institutional investors and hedge funds have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in shares of TIC Solutions by 10.1% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,688 shares of the company's stock worth $83,000 after purchasing an additional 1,165 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of TIC Solutions by 22.9% in the 1st quarter. HB Wealth Management LLC now owns 18,521 shares of the company's stock worth $122,000 after purchasing an additional 3,445 shares in the last quarter. Quantbot Technologies LP purchased a new position in TIC Solutions during the 2nd quarter worth $29,000. National Bank of Canada FI purchased a new position in TIC Solutions during the 3rd quarter worth $53,000. Finally, Handelsbanken Fonder AB grew its stake in TIC Solutions by 10.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 45,200 shares of the company's stock worth $366,000 after buying an additional 4,200 shares during the last quarter.

TIC Solutions Trading Down 1.2%

Shares of NYSE:TIC opened at $10.07 on Friday. The company has a market capitalization of $2.20 billion, a PE ratio of -17.36 and a beta of 2.83. 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 has a 12-month low of $6.36 and a 12-month high of $14.94. The business's fifty day simple moving average is $8.06 and its 200-day simple moving average is $8.46.

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.

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