TIC Solutions (NYSE:TIC) Stock Rating Lowered by Zacks Research

TIC Solutions (NYSE:TIC) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

A number of other research firms also recently weighed in on TIC. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $8.00 target price (down from $14.00) on shares of TIC Solutions in a report on Friday. Weiss Ratings initiated coverage on TIC Solutions in a research report on Thursday. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, TIC Solutions currently has a consensus rating of “Sell” and a consensus price target of $8.00.

TIC Solutions Trading Down 5.7%

Shares of NYSE TIC opened at $7.25 on Thursday. TIC Solutions has a 1 year low of $6.73 and a 1 year high of $14.94. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market cap of $1.60 billion and a P/E ratio of -13.43.

TIC Solutions (NYSE:TIC) last released its quarterly earnings results 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). TIC Solutions had a negative return on equity of 4.95% and a negative net margin of 5.69%.The company had revenue of $508.27 million during the quarter, compared to the consensus estimate of $531.05 million.

TIC Solutions Company Profile

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.