TIC Solutions (NYSE:TIC) Given Underweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of TIC Solutions (NYSE:TIC) in a research report report published on Thursday morning, MarketBeat Ratings reports. They currently have a $7.00 target price on the stock, down from their previous target price of $8.00.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings started coverage on TIC Solutions in a report on Thursday, March 12th. They set a “sell (d-)” rating on the stock. UBS Group lowered their price target on TIC Solutions from $11.50 to $8.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Zacks Research downgraded shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Finally, Roth Mkm started coverage on shares of TIC Solutions in a research note on Tuesday, March 17th. They set a “buy” rating and a $10.00 price objective on the stock. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $11.00.

TIC Solutions Stock Performance

TIC stock opened at $7.12 on Thursday. The business’s fifty day moving average is $9.32 and its 200-day moving average is $10.66. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 0.73. The company has a market cap of $1.57 billion and a P/E ratio of -13.18. TIC Solutions has a twelve month low of $6.73 and a twelve month high of $14.94.

TIC Solutions (NYSE:TIC) last announced its quarterly earnings data on Thursday, March 12th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.29). The company had revenue of $508.27 million for the quarter, compared to analyst estimates of $531.05 million. TIC Solutions had a negative return on equity of 4.37% and a negative net margin of 5.69%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DRW Securities LLC acquired a new position in TIC Solutions in the fourth quarter valued at about $124,000. Nkcfo LLC raised its position in shares of TIC Solutions by 28.8% during the fourth quarter. Nkcfo LLC now owns 161,000 shares of the company’s stock worth $1,628,000 after purchasing an additional 36,000 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of TIC Solutions during the fourth quarter worth about $2,246,000. JPMorgan Chase & Co. lifted its holdings in shares of TIC Solutions by 328.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 209,938 shares of the company’s stock valued at $2,794,000 after purchasing an additional 160,992 shares in the last quarter. Finally, Tudor Investment Corp ET AL acquired a new position in shares of TIC Solutions in the 3rd quarter valued at approximately $1,832,000.

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.