TIC Solutions (NYSE:TIC) Receives Neutral Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their neutral rating on shares of TIC Solutions (NYSE:TIC) in a report published on Friday morning, Marketbeat Ratings reports. They currently have a $8.00 price target on the stock, down from their previous price target of $14.00.

TIC Solutions Trading Down 5.7%

Shares of TIC stock opened at $7.25 on Friday. TIC Solutions has a 12 month low of $6.73 and a 12 month high of $14.94. The company has a quick ratio of 2.41, a current ratio of 2.41 and a debt-to-equity ratio of 0.82.

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

TIC Solutions Company Profile

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.