TIC Solutions, Inc (NYSE:TIC) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Analysts place a "Reduce" consensus on TIC Solutions — seven analysts average a "Reduce" rating (3 sell, 2 hold, 2 buy) with a 1-year target of $11 and recent price targets cut as low as $7 (JPMorgan) and $8 (UBS).
• The company posted a weak quarter, reporting EPS of ($0.17) versus a $0.12 consensus and revenue of $508.3M versus $531.1M expected, producing a negative net margin (~-5.7%) while the stock trades around $7.13 near its 52-week low.
• Institutional investors are active — Vanguard more than doubled its position to 8.53 million shares and several other large funds (Dimensional, Millennium, Swedbank, Cercano) established sizable stakes.

Shares of TIC Solutions, Inc (NYSE:TIC - Get Free Report) have been assigned a consensus rating of "Reduce" from the seven analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $11.00.

Several research analysts have weighed in on the company. Zacks Research lowered TIC Solutions from a "hold" rating to a "strong sell" rating in a research report on Thursday, March 12th. JPMorgan Chase & Co. restated an "underweight" rating and issued a $7.00 price target (down from $8.00) on shares of TIC Solutions in a research note on Thursday, March 26th. UBS Group reduced their price target on TIC Solutions from $11.50 to $8.00 and set a "neutral" rating for the company in a research note on Tuesday, March 17th. Roth Mkm started coverage on TIC Solutions in a research note on Tuesday, March 17th. They issued a "buy" rating and a $10.00 price target for the company. Finally, Weiss Ratings started coverage on TIC Solutions in a research note on Thursday, March 12th. They issued a "sell (d-)" rating for the company.

TIC Solutions Stock Down 0.2%

Shares of TIC Solutions stock opened at $7.13 on Friday. The firm has a market cap of $1.58 billion, a PE ratio of -13.19 and a beta of 2.46. TIC Solutions has a 52-week low of $6.36 and a 52-week high of $14.94. The business's 50 day simple moving average is $8.46 and its 200 day simple moving average is $10.27. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.20 and a current ratio of 3.20.

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

Institutional Trading of TIC Solutions

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of TIC Solutions by 100.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,528,717 shares of the company's stock valued at $113,517,000 after acquiring an additional 4,280,384 shares during the period. Swedbank AB bought a new stake in shares of TIC Solutions during the 3rd quarter valued at $43,923,000. Dimensional Fund Advisors LP bought a new stake in shares of TIC Solutions during the 3rd quarter valued at $43,579,000. Cercano Management LLC bought a new stake in shares of TIC Solutions during the 3rd quarter valued at $38,629,000. Finally, Millennium Management LLC bought a new stake in shares of TIC Solutions during the 3rd quarter valued at $29,705,000.

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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