Brokerages Set TIC Solutions, Inc (NYSE:TIC) PT at $11.50

Shares of TIC Solutions, Inc (NYSE:TIC) have been assigned an average rating of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $11.50.

Several research firms have recently issued reports on TIC. Zacks Research upgraded shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 15th. JPMorgan Chase & Co. lifted their target price on shares of TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Robert W. Baird set a $11.00 target price on shares of TIC Solutions in a research report on Thursday, May 7th. Roth Capital restated a “buy” rating and set a $11.50 price target on shares of TIC Solutions in a research note on Thursday, May 7th. Finally, 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.

TIC Solutions Trading Up 2.9%

TIC Solutions stock opened at $7.21 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 3.06 and a current ratio of 3.06. The stock has a market cap of $1.59 billion, a PE ratio of -13.86 and a beta of 2.81. The stock has a 50-day moving average of $8.09 and a two-hundred day moving average of $8.75. TIC Solutions has a one year low of $6.36 and a one year high of $14.94.

Hedge Funds Weigh In On TIC Solutions

Hedge funds have recently made changes to their positions in the company. FNY Investment Advisers LLC acquired a new stake in TIC Solutions during the 3rd quarter worth about $33,000. National Bank of Canada FI acquired a new position in shares of TIC Solutions in the third quarter valued at about $53,000. Principal Financial Group Inc. purchased a new position in shares of TIC Solutions in the first quarter worth about $69,000. Tower Research Capital LLC TRC purchased a new position in shares of TIC Solutions in the second quarter worth about $82,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of TIC Solutions by 10.1% in the first 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 purchasing an additional 1,165 shares during 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.