JPMorgan Chase & Co. Reiterates Neutral Rating for TIC Solutions (NYSE:TIC)

TIC Solutions (NYSE:TIC)‘s stock had its “neutral” rating restated by equities researchers at JPMorgan Chase & Co. in a report released on Friday, Marketbeat reports. They presently have a $8.00 price target on the stock, down from their previous price target of $14.00. JPMorgan Chase & Co.‘s price objective points to a potential upside of 10.34% from the company’s previous close.

TIC Solutions Stock Down 5.7%

TIC opened at $7.25 on Friday. The firm has a market capitalization of $1.60 billion and a price-to-earnings ratio of -13.43. TIC Solutions has a fifty-two week low of $6.73 and a fifty-two week high of $14.94. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.41 and a quick ratio of 2.41.

TIC Solutions (NYSE:TIC) last posted its earnings results on Thursday, March 12th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.29). TIC Solutions had a negative return on equity of 4.95% and a negative net margin of 5.69%.The firm had revenue of $508.27 million for the quarter, compared to analysts’ expectations of $531.05 million.

About TIC Solutions

TIC Solutions, Inc provides critical asset integrity services in North America. The company offers testing, inspection, certification, and compliance (TICC) services, including various nondestructive testing (NDT) techniques, 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, prevent costly outages, failures, and accidents, and meet regulatory requirements without damaging the asset or component.