TIC Solutions, Inc (TIC) – What Are Brokerages Thinking About This Stock?

Shares of TIC Solutions, Inc (NYSE:TIC) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $12.00.

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

Hedge Funds Weigh In On TIC Solutions

A number of institutional investors have recently modified their holdings of TIC. Versant Capital Management Inc lifted its stake in shares of TIC Solutions by 446.1% during the third quarter. Versant Capital Management Inc now owns 4,822 shares of the company’s stock valued at $40,000 after buying an additional 3,939 shares during the period. NewEdge Advisors LLC grew its stake in TIC Solutions by 9.2% in the 2nd quarter. NewEdge Advisors LLC now owns 28,210 shares of the company’s stock worth $228,000 after acquiring an additional 2,365 shares during the period. IFP Advisors Inc raised its holdings in TIC Solutions by 137.5% in the 2nd quarter. IFP Advisors Inc now owns 3,441 shares of the company’s stock valued at $28,000 after acquiring an additional 1,992 shares during the last quarter. Squarepoint Ops LLC raised its holdings in TIC Solutions by 522.5% in the 2nd quarter. Squarepoint Ops LLC now owns 302,249 shares of the company’s stock valued at $2,445,000 after acquiring an additional 253,697 shares during the last quarter. Finally, Range Advisory LLC acquired a new position in TIC Solutions in the 2nd quarter valued at $139,000.

TIC Solutions Trading Up 0.7%

Shares of TIC Solutions stock opened at $8.88 on Friday. 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 $13.52. The company has a market capitalization of $1.94 billion, a P/E ratio of -15.32 and a beta of 3.00. The business has a 50 day moving average price of $9.20 and a 200 day moving average price of $8.44.

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

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.