TIC Solutions' (TIC) "Neutral" Rating Reaffirmed at JPMorgan Chase & Co.

Key Points

• JPMorgan reaffirmed a "neutral" rating on TIC Solutions and cut its price target to $8.00 from $14.00, which the firm says implies about a 6.24% upside from the current share price.
• Shares traded down ~2.1% to $7.53 on the day with elevated volume; the stock has a market cap of $1.66 billion, a negative PE, and a 12-month range of $6.73–$14.94.
• TIC missed its most recent quarter, reporting EPS of ($0.17) versus analysts' $0.12 estimate and revenue of $508.27 million vs. $531.05 million expected.

TIC Solutions (NYSE:TIC - Get Free Report)'s stock had its "neutral" rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a research report issued on Friday, Marketbeat Ratings reports. They currently have a $8.00 price objective on the stock, down from their previous price objective of $14.00. JPMorgan Chase & Co.'s price target would indicate a potential upside of 6.24% from the company's current price.

TIC Solutions Trading Down 2.1%

Shares of TIC traded down $0.16 during mid-day trading on Friday, reaching $7.53. 2,810,906 shares of the company's stock traded hands, compared to its average volume of 2,460,549. The stock has a market cap of $1.66 billion and a PE ratio of -17.93. TIC Solutions has a 12 month low of $6.73 and a 12 month high of $14.94.

TIC Solutions (NYSE:TIC - Get Free Report) last issued its quarterly earnings data on Thursday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.29). The company had revenue of $508.27 million during the quarter, compared to analyst estimates of $531.05 million.

About TIC Solutions

TIC Solutions, Inc provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, 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, prevent costly outages, failures, and accidents, and meet regulatory requirements without damaging the asset or component.

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