Zacks Research Upgrades TIC Solutions (NYSE:TIC) to “Hold”

TIC Solutions (NYSE:TIC) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports.

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

TIC Solutions Stock Down 3.4%

NYSE:TIC opened at $6.92 on Wednesday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -13.30 and a beta of 2.81. TIC Solutions has a 1-year low of $6.36 and a 1-year high of $14.94. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74. The business’s fifty day moving average price is $8.30 and its 200 day moving average price is $8.84.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. purchased a new stake in shares of TIC Solutions during the 1st quarter worth about $4,429,000. JPMorgan Chase & Co. grew its stake in shares of TIC Solutions by 1,512.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 48,946 shares of the company’s stock valued at $540,000 after buying an additional 45,910 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of TIC Solutions in the 2nd quarter valued at approximately $666,000. Rhumbline Advisers acquired a new position in TIC Solutions in the second quarter worth approximately $1,531,000. Finally, Prudential Financial Inc. acquired a new position in TIC Solutions in the second quarter worth approximately $132,000.

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.