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

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

A number of other equities research analysts have also commented on the company. Robert W. Baird set a $11.00 price objective on 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. JPMorgan Chase & Co. increased their price target on shares of TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. UBS Group raised their price target on shares of TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $11.50 price objective on shares of TIC Solutions in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $11.50.

TIC Solutions Stock Performance

Shares of TIC stock opened at $8.44 on Monday. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of -16.22 and a beta of 2.90. 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 stock’s fifty day simple moving average is $8.52 and its 200-day simple moving average is $9.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TIC. FNY Investment Advisers LLC purchased a new stake in shares of TIC Solutions during the 3rd quarter worth about $33,000. Clearstead Advisors LLC acquired a new stake in shares of TIC Solutions during the 3rd quarter valued at about $43,000. National Bank of Canada FI bought a new stake in shares of TIC Solutions in the 3rd quarter valued at approximately $53,000. Tower Research Capital LLC TRC bought a new stake in shares of TIC Solutions in the 2nd quarter valued at approximately $82,000. Finally, Dauntless Investment Group LLC acquired a new position in TIC Solutions in the third quarter worth approximately $110,000.

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.