TIC Solutions (NYSE:TIC) Downgraded by JPMorgan Chase & Co. to Underweight

Key Points

• JPMorgan downgraded TIC Solutions from "neutral" to "underweight" and set a $7.00 price target, implying roughly a 4.96% downside from the stock's recent price.
• TIC missed quarterly expectations, reporting a ($0.17) EPS versus a $0.12 estimate and revenue of $508.3M versus $531.1M, while showing negative return on equity and a -5.69% net margin.
• Analyst coverage is mixed but leans negative—two Buys, two Holds and three Sells result in a MarketBeat consensus rating of "Reduce" with a $11.00 average target, and several firms (UBS, Zacks, Weiss) have trimmed ratings or targets.

TIC Solutions (NYSE:TIC - Get Free Report) was downgraded by investment analysts at JPMorgan Chase & Co. from a "neutral" rating to an "underweight" rating in a research note issued to investors on Thursday. They currently have a $7.00 price target on the stock. JPMorgan Chase & Co.'s price objective would indicate a potential downside of 4.96% from the stock's current price.

Other equities research analysts also recently issued reports about the stock. UBS Group dropped their price target on shares of TIC Solutions from $11.50 to $8.00 and set a "neutral" rating for the company in a research note on Tuesday, March 17th. Zacks Research lowered shares of TIC Solutions from a "hold" rating to a "strong sell" rating in a report on Thursday, March 12th. Weiss Ratings initiated coverage on shares of TIC Solutions in a research report on Thursday, March 12th. They set a "sell (d-)" rating for the company. Finally, Roth Mkm started coverage on TIC Solutions in a research report on Tuesday, March 17th. They issued a "buy" rating and a $10.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Reduce" and a consensus target price of $11.00.

TIC Solutions Trading Up 0.8%

TIC stock opened at $7.37 on Thursday. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.73. TIC Solutions has a twelve month low of $6.73 and a twelve month high of $14.94. The company has a market cap of $1.63 billion and a P/E ratio of -13.64. The business has a fifty day moving average of $9.41 and a 200-day moving average of $10.68.

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

Hedge Funds Weigh In On TIC Solutions

Several institutional investors have recently modified their holdings of TIC. Apis Capital Advisors LLC acquired a new stake in TIC Solutions during the 3rd quarter worth approximately $2,476,000. Geode Capital Management LLC acquired a new position in shares of TIC Solutions in the second quarter valued at approximately $25,003,000. Nkcfo LLC bought a new stake in shares of TIC Solutions during the third quarter worth $1,664,000. Ameritas Investment Partners Inc. bought a new stake in shares of TIC Solutions during the second quarter worth $117,000. Finally, Huntleigh Advisors Inc. acquired a new stake in shares of TIC Solutions during the third quarter worth $1,582,000.

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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