Acuren (NYSEAMERICAN:TIC) Earns Overweight Rating from Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Acuren (NYSEAMERICAN:TIC) in a research note released on Friday morning, MarketBeat reports. The firm issued an overweight rating and a $16.00 price objective on the stock.

A number of other research analysts have also recently commented on the company. Baird R W upgraded Acuren to a “hold” rating in a research note on Thursday, October 9th. Robert W. Baird started coverage on Acuren in a report on Thursday, October 9th. They issued a “neutral” rating and a $15.00 price objective on the stock. Jefferies Financial Group restated a “buy” rating and set a $15.00 target price on shares of Acuren in a report on Friday, November 14th. UBS Group dropped their target price on Acuren from $15.00 to $11.50 and set a “neutral” rating for the company in a research report on Friday, November 14th. Finally, Zacks Research upgraded shares of Acuren to a “hold” rating in a research note on Tuesday, December 16th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Acuren currently has an average rating of “Hold” and an average price target of $14.38.

Acuren Stock Performance

Shares of TIC stock opened at $11.45 on Friday. The firm’s 50 day moving average price is $10.23 and its 200-day moving average price is $11.20. Acuren has a one year low of $8.76 and a one year high of $14.94.

Hedge Funds Weigh In On Acuren

Institutional investors and hedge funds have recently made changes to their positions in the stock. Progeny 3 Inc. raised its holdings in Acuren by 1.7% in the third quarter. Progeny 3 Inc. now owns 15,255,800 shares of the company’s stock valued at $203,055,000 after acquiring an additional 255,800 shares in the last quarter. Vanguard Group Inc. grew its holdings in Acuren by 100.8% during the 3rd quarter. Vanguard Group Inc. now owns 8,528,717 shares of the company’s stock worth $113,517,000 after acquiring an additional 4,280,384 shares in the last quarter. Swedbank AB purchased a new stake in shares of Acuren in the 3rd quarter valued at approximately $43,923,000. Dimensional Fund Advisors LP acquired a new stake in shares of Acuren in the 3rd quarter valued at $43,579,000. Finally, Cercano Management LLC acquired a new stake in shares of Acuren in the 3rd quarter valued at $38,629,000.

Acuren 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.