Acuren (NYSEAMERICAN:TIC) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. began coverage on shares of Acuren (NYSEAMERICAN:TIC) in a report issued on Friday, Marketbeat reports. The brokerage issued an overweight rating and a $16.00 price target on the stock.

Several other equities research analysts have also commented on TIC. Zacks Research raised shares of Acuren to a “hold” rating in a research note on Tuesday, December 16th. Jefferies Financial Group reiterated a “buy” rating and set a $15.00 target price on shares of Acuren in a report on Friday, November 14th. Baird R W upgraded Acuren to a “hold” rating in a research note on Thursday, October 9th. UBS Group reduced their price objective on Acuren from $15.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, November 14th. Finally, Robert W. Baird started coverage on Acuren in a research note on Thursday, October 9th. They set a “neutral” rating and a $15.00 price objective for the company. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Acuren currently has a consensus rating of “Hold” and a consensus price target of $14.38.

Acuren Price Performance

Shares of Acuren stock opened at $11.45 on Friday. Acuren has a 12 month low of $8.76 and a 12 month high of $14.94. The business has a fifty day simple moving average of $10.23 and a two-hundred day simple moving average of $11.19.

Institutional Trading of Acuren

Several institutional investors have recently added to or reduced their stakes in TIC. Granite FO LLC purchased a new position in shares of Acuren in the third quarter worth $27,000. Nisa Investment Advisors LLC increased its holdings in Acuren by 123.5% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,277 shares of the company’s stock worth $30,000 after buying an additional 1,258 shares in the last quarter. FNY Investment Advisers LLC purchased a new position in Acuren in the 3rd quarter worth about $33,000. Blue Trust Inc. purchased a new position in Acuren in the 3rd quarter worth about $38,000. Finally, Clearstead Advisors LLC bought a new position in Acuren during the 3rd quarter valued at about $43,000.

Acuren 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.