Analysts Set TIC Solutions, Inc (NYSE:TIC) Price Target at $11.50

TIC Solutions, Inc (NYSE:TIC) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $11.50.

A number of brokerages have weighed in on TIC. Roth Capital reiterated a “buy” rating and set a $11.50 target price on shares of TIC Solutions in a research note on Thursday, May 7th. JPMorgan Chase & Co. raised their price target on TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $11.00 price objective on TIC Solutions in a research report on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of TIC Solutions in a report on Tuesday, June 9th. Finally, Zacks Research raised TIC Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th.

Hedge Funds Weigh In On TIC Solutions

Several institutional investors have recently made changes to their positions in TIC. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of TIC Solutions during the 4th quarter worth $2,246,000. JPMorgan Chase & Co. increased its stake in shares of TIC Solutions by 328.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 209,938 shares of the company’s stock worth $2,794,000 after purchasing an additional 160,992 shares in the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of TIC Solutions in the 3rd quarter worth $1,832,000. Swedbank AB raised its holdings in TIC Solutions by 7.0% in the 1st quarter. Swedbank AB now owns 4,380,000 shares of the company’s stock worth $28,820,000 after purchasing an additional 286,000 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in TIC Solutions by 8.2% in the 1st quarter. Bank of New York Mellon Corp now owns 5,385,942 shares of the company’s stock worth $35,440,000 after purchasing an additional 406,255 shares during the period.

TIC Solutions Stock Performance

Shares of TIC stock opened at $7.11 on Monday. The company has a quick ratio of 3.06, a current ratio of 3.06 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $8.02 and a 200-day moving average price of $8.71. TIC Solutions has a 52 week low of $6.36 and a 52 week high of $14.94. The firm has a market capitalization of $1.57 billion, a PE ratio of -13.67 and a beta of 2.81.

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.