Acuren (NYSEAMERICAN:TIC) Upgraded to Hold at Zacks Research

Acuren (NYSEAMERICAN:TIC) was upgraded by analysts at Zacks Research to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on the stock. Baird R W raised shares of Acuren to a “hold” rating in a research note on Thursday, October 9th. UBS Group lowered their target price on Acuren from $15.00 to $11.50 and set a “neutral” rating on the stock in a report on Friday, November 14th. Jefferies Financial Group restated a “buy” rating and issued a $15.00 price target on shares of Acuren in a research report on Friday, November 14th. Finally, Robert W. Baird initiated coverage on Acuren in a research report on Thursday, October 9th. They set a “neutral” rating and a $15.00 price objective on the stock. One investment analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.83.

Acuren Stock Down 1.3%

Shares of TIC opened at $10.17 on Tuesday. Acuren has a 52-week low of $8.76 and a 52-week high of $14.94. The firm’s fifty day moving average is $10.90 and its two-hundred day moving average is $11.24.

Institutional Investors Weigh In On Acuren

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Granite FO LLC purchased a new stake in Acuren in the third quarter valued at $27,000. Nisa Investment Advisors LLC raised its holdings in Acuren by 123.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock valued at $30,000 after buying an additional 1,258 shares during the period. FNY Investment Advisers LLC acquired a new position in Acuren in the third quarter valued at about $33,000. Blue Trust Inc. purchased a new position in Acuren during the third quarter worth about $38,000. Finally, Amalgamated Bank acquired a new stake in shares of Acuren during the second quarter valued at about $39,000.

About Acuren

Acuren Corporation provides critical asset integrity services in North America. Its activities include various nondestructive testing (NDT) solutions, 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, avoid accidents, and comply with regulatory requirements without destroying the asset or component.