TIC Solutions, Inc (NYSE:TIC) Stock Rated “Hold” by Sell-Side Analysts

TIC Solutions, Inc (NYSE:TIC) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $12.00.

A number of equities analysts recently commented on the stock. Robert W. Baird set a $10.00 target price on shares of TIC Solutions in a research report on Friday, August 7th. Weiss Ratings restated a “sell (d-)” rating on shares of TIC Solutions in a research report on Friday, September 4th. Zacks Research raised TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. upgraded TIC Solutions from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $9.00 to $11.00 in a report on Friday, August 21st. Finally, UBS Group raised TIC Solutions from a “neutral” rating to a “buy” rating and boosted their target price for the company from $11.00 to $12.50 in a research note on Tuesday, August 11th.

TIC Solutions Stock Performance

NYSE:TIC opened at $8.77 on Friday. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of -15.13 and a beta of 3.00. The business has a 50 day moving average of $9.13 and a 200 day moving average of $8.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.91 and a quick ratio of 2.91. TIC Solutions has a 1-year low of $6.36 and a 1-year high of $14.65.

TIC Solutions (NYSE:TIC) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. The firm had revenue of $584.35 million for the quarter. TIC Solutions had a negative net margin of 5.64% and a negative return on equity of 2.30%. On average, sell-side analysts predict that TIC Solutions will post 0.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TIC Solutions

Large investors have recently added to or reduced their stakes in the company. Deutsche Bank AG bought a new stake in TIC Solutions during the second quarter worth about $1,510,000. Quantinno Capital Management LP increased its stake in shares of TIC Solutions by 605.5% during the first quarter. Quantinno Capital Management LP now owns 177,066 shares of the company’s stock valued at $1,165,000 after purchasing an additional 151,968 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of TIC Solutions during the second quarter valued at approximately $868,000. Squarepoint Ops LLC lifted its holdings in shares of TIC Solutions by 522.5% during the second quarter. Squarepoint Ops LLC now owns 302,249 shares of the company’s stock valued at $2,445,000 after purchasing an additional 253,697 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of TIC Solutions in the 2nd quarter worth approximately $4,468,000.

About TIC Solutions

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.