TIC Solutions (NYSE:TIC) Now Covered by Analysts at Roth Mkm

Roth Mkm assumed coverage on shares of TIC Solutions (NYSE:TIC) in a report released on Tuesday, MarketBeat.com reports. The firm issued a buy rating and a $10.00 price objective on the stock.

A number of other brokerages have also recently weighed in on TIC. Zacks Research cut shares of TIC Solutions from a “hold” rating to a “strong sell” rating in a report on Thursday, March 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $8.00 target price (down from $14.00) on shares of TIC Solutions in a report on Friday, March 13th. Finally, Weiss Ratings assumed coverage on TIC Solutions in a research report on Thursday, March 12th. They issued a “sell (d-)” rating on the stock. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, TIC Solutions currently has a consensus rating of “Hold” and a consensus target price of $11.20.

TIC Solutions Trading Up 3.2%

Shares of TIC stock opened at $7.84 on Tuesday. TIC Solutions has a 12 month low of $6.73 and a 12 month high of $14.94. The stock has a market cap of $1.73 billion and a PE ratio of -14.52. The company’s fifty day moving average price is $9.83 and its 200-day moving average price is $10.84.

TIC Solutions (NYSE:TIC) last issued its quarterly 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). The company had revenue of $508.27 million for the quarter, compared to the consensus estimate of $531.05 million.

Hedge Funds Weigh In On TIC Solutions

Several hedge funds have recently bought and sold shares of TIC. Progeny 3 Inc. increased its stake in TIC Solutions by 1.7% in the third quarter. Progeny 3 Inc. now owns 15,255,800 shares of the company’s stock worth $203,055,000 after purchasing an additional 255,800 shares during the period. Vanguard Group Inc. lifted its position in shares of TIC Solutions by 100.8% during the third quarter. Vanguard Group Inc. now owns 8,528,717 shares of the company’s stock worth $113,517,000 after purchasing an additional 4,280,384 shares during the last quarter. Swedbank AB purchased a new stake in shares of TIC Solutions during the third quarter valued at $43,923,000. Dimensional Fund Advisors LP purchased a new stake in shares of TIC Solutions during the third quarter valued at $43,579,000. Finally, Cercano Management LLC bought a new position in shares of TIC Solutions in the third quarter worth about $38,629,000.

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.