TIC Solutions (NYSE:TIC) Upgraded at Zacks Research

Zacks Research upgraded shares of TIC Solutions (NYSE:TIC) from a strong sell rating to a hold rating in a report issued on Wednesday,Zacks.com reports.

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

TIC Solutions Price Performance

TIC stock opened at $6.86 on Wednesday. The business’s 50-day moving average is $8.24 and its two-hundred day moving average is $8.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.06 and a quick ratio of 3.06. The firm has a market capitalization of $1.52 billion, a P/E ratio of -13.18 and a beta of 2.81. TIC Solutions has a 1 year low of $6.36 and a 1 year high of $14.94.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in TIC Solutions in the third quarter valued at about $33,000. National Bank of Canada FI purchased a new stake in TIC Solutions in the 3rd quarter valued at approximately $53,000. Principal Financial Group Inc. acquired a new position in TIC Solutions during the 1st quarter worth approximately $69,000. Tower Research Capital LLC TRC acquired a new position in TIC Solutions during the 2nd quarter worth approximately $82,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of TIC Solutions by 10.1% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,688 shares of the company’s stock worth $83,000 after buying an additional 1,165 shares in the last quarter.

About TIC Solutions

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.