TIC Solutions (NYSE:TIC) Upgraded to Neutral at JPMorgan Chase & Co.

Key Points

• JPMorgan upgraded TIC Solutions to “neutral” from “underweight” and set an $11.00 price target, implying 21.41% upside from the prior close.
• Analyst sentiment remains mixed, with three Buy, three Hold and one Sell rating; the consensus is “Hold” with an average price target of $12.00.
• TIC Solutions recently beat quarterly earnings expectations, reporting $0.14 per share versus the $0.10 consensus estimate on $584.35 million in revenue, although the company posted a negative net margin and return on equity.

TIC Solutions (NYSE:TIC - Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from an "underweight" rating to a "neutral" rating in a report issued on Friday, Marketbeat reports. The brokerage currently has a $11.00 target price on the stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 21.41% from the company's previous close.

Several other equities analysts also recently weighed in on the company. Robert W. Baird set a $10.00 target price on TIC Solutions in a research report on Friday, August 7th. Weiss Ratings reissued a "sell (d-)" rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Roth Capital reissued a "buy" rating and issued a $11.50 price objective on shares of TIC Solutions in a research note on Thursday, May 7th. Zacks Research upgraded shares of TIC Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, July 15th. Finally, UBS Group raised shares of TIC Solutions from a "neutral" rating to a "buy" rating and upped their target price for the stock from $11.00 to $12.50 in a research note on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, TIC Solutions has a consensus rating of "Hold" and an average price target of $12.00.

TIC Solutions Trading Down 1.5%

TIC opened at $9.06 on Friday. TIC Solutions has a 52 week low of $6.36 and a 52 week high of $14.94. The business has a fifty day simple moving average of $8.17 and a 200-day simple moving average of $8.42. The firm has a market cap of $1.98 billion, a P/E ratio of -15.62 and a beta of 2.83. The company has a quick ratio of 2.91, a current ratio of 2.91 and a debt-to-equity ratio of 0.76.

TIC Solutions (NYSE:TIC - Get Free Report) last posted its quarterly earnings data 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. TIC Solutions had a negative return on equity of 2.30% and a negative net margin of 5.64%.The firm had revenue of $584.35 million for the quarter. On average, equities analysts expect that TIC Solutions will post 0.31 earnings per share for the current year.

Hedge Funds Weigh In On TIC Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new position in TIC Solutions in the second quarter worth approximately $29,000. National Bank of Canada FI purchased a new stake in shares of TIC Solutions in the 3rd quarter valued at approximately $53,000. Tower Research Capital LLC TRC acquired a new stake in shares of TIC Solutions in the 2nd quarter valued at $82,000. Dauntless Investment Group LLC purchased a new stake in shares of TIC Solutions during the 3rd quarter worth $110,000. Finally, BNP Paribas Financial Markets purchased a new stake in shares of TIC Solutions during the 2nd quarter worth $97,000.

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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