TIC Solutions, Inc (NYSE:TIC) Receives Consensus Recommendation of “Hold” from Analysts

TIC Solutions, Inc (NYSE:TIC) has earned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.50.

TIC has been the subject of a number of research reports. Weiss Ratings initiated coverage on TIC Solutions in a research note on Thursday, March 12th. They issued a “sell (d-)” rating for the company. Roth Mkm reaffirmed a “buy” rating and issued a $11.50 price objective on shares of TIC Solutions in a research note on Thursday, May 7th. UBS Group lifted their price objective on TIC Solutions from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Zacks Research raised TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Friday, May 15th. Finally, JPMorgan Chase & Co. lifted their price objective on TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a research note on Thursday, May 7th.

TIC Solutions Price Performance

TIC stock opened at $8.45 on Friday. The business has a fifty day moving average of $8.28 and a two-hundred day moving average of $9.24. 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 stock has a market cap of $1.87 billion, a price-to-earnings ratio of -16.25 and a beta of 2.90. TIC Solutions has a 52-week low of $6.36 and a 52-week high of $14.94.

TIC Solutions (NYSE:TIC) last posted its earnings results on Wednesday, May 6th. The company reported ($0.19) earnings per share (EPS) for the quarter. The business had revenue of $488.03 million for the quarter. TIC Solutions had a negative return on equity of 3.82% and a negative net margin of 5.77%. As a group, research analysts anticipate that TIC Solutions will post 0.24 earnings per share for the current year.

Institutional Investors Weigh In On TIC Solutions

A number of institutional investors have recently modified their holdings of TIC. FNY Investment Advisers LLC acquired a new stake in shares of TIC Solutions in the third quarter valued at $33,000. Clearstead Advisors LLC acquired a new stake in shares of TIC Solutions in the third quarter valued at $43,000. National Bank of Canada FI acquired a new stake in shares of TIC Solutions in the third quarter valued at $53,000. Principal Financial Group Inc. acquired a new stake in shares of TIC Solutions in the first quarter valued at $69,000. Finally, Tower Research Capital LLC TRC acquired a new stake in shares of TIC Solutions in the second quarter valued at $82,000.

About TIC Solutions

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.