TIC Solutions, Inc (NYSE:TIC) Given Average Recommendation of “Hold” by Brokerages

Shares of TIC Solutions, Inc (NYSE:TIC) have been assigned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.20.

Several research analysts recently commented on the company. UBS Group reduced their price objective 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. Zacks Research cut shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 12th. Roth Mkm initiated coverage on shares of TIC Solutions in a report on Tuesday, March 17th. They set a “buy” rating and a $10.00 target price for the company. Weiss Ratings assumed coverage on shares of TIC Solutions in a research report on Thursday, March 12th. They issued a “sell (d-)” rating for the company. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $8.00 price target (down from $14.00) on shares of TIC Solutions in a research note on Friday, March 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Progeny 3 Inc. grew its position in shares of TIC Solutions by 1.7% in the third quarter. Progeny 3 Inc. now owns 15,255,800 shares of the company’s stock valued at $203,055,000 after purchasing an additional 255,800 shares in the last quarter. Vanguard Group Inc. lifted its position in TIC Solutions by 100.8% during the third quarter. Vanguard Group Inc. now owns 8,528,717 shares of the company’s stock worth $113,517,000 after buying an additional 4,280,384 shares in the last quarter. Swedbank AB acquired a new position in TIC Solutions during the third quarter worth $43,923,000. Dimensional Fund Advisors LP acquired a new position in TIC Solutions during the third quarter worth $43,579,000. Finally, Cercano Management LLC purchased a new stake in TIC Solutions in the 3rd quarter valued at $38,629,000.

TIC Solutions Trading Up 2.2%

TIC stock opened at $7.77 on Tuesday. TIC Solutions has a 12-month low of $6.73 and a 12-month high of $14.94. The business’s 50-day moving average is $9.56 and its 200 day moving average is $10.74. The company has a current ratio of 3.20, a quick ratio of 3.20 and a debt-to-equity ratio of 0.73. The stock has a market cap of $1.72 billion and a price-to-earnings ratio of -14.38.

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

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.