TIC Solutions (NYSE:TIC) Downgraded by Zacks Research to Strong Sell

Zacks Research cut shares of TIC Solutions (NYSE:TIC) from a hold rating to a strong sell rating in a research report report published on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on TIC. Roth Mkm reiterated a “buy” rating and set a $11.50 target price on shares of TIC Solutions in a research note on Thursday, May 7th. UBS Group increased their target price on TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Robert W. Baird set a $11.00 price objective on TIC Solutions in a research note on Thursday, May 7th. Finally, JPMorgan Chase & Co. raised their price objective on TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $11.50.

TIC Solutions Price Performance

Shares of NYSE TIC opened at $8.44 on Monday. The firm has a market cap of $1.86 billion, a P/E ratio of -16.22 and a beta of 2.90. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74. TIC Solutions has a 1-year low of $6.36 and a 1-year high of $14.94. The business’s 50 day moving average is $8.52 and its 200-day moving average is $9.18.

Hedge Funds Weigh In On TIC Solutions

Hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new position in TIC Solutions during the 3rd quarter worth $33,000. Clearstead Advisors LLC bought a new position in TIC Solutions during the 3rd quarter worth $43,000. National Bank of Canada FI bought a new position in TIC Solutions during the 3rd quarter worth $53,000. Principal Financial Group Inc. bought a new position in TIC Solutions during the 1st quarter worth $69,000. Finally, Tower Research Capital LLC TRC bought a new position in TIC Solutions during the 2nd quarter worth $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.