TIC Solutions (NYSE:TIC) Stock Price Expected to Rise, UBS Group Analyst Says

TIC Solutions (NYSE:TIC) had its target price lifted by equities research analysts at UBS Group from $8.00 to $11.00 in a research note issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price target would suggest a potential upside of 10.83% from the company’s previous close.

TIC has been the subject of a number of other reports. Zacks Research downgraded TIC Solutions from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 12th. Robert W. Baird set a $11.00 target price on TIC Solutions in a report on Thursday. JPMorgan Chase & Co. increased their target price on TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday. Roth Mkm initiated coverage on TIC Solutions in a report on Tuesday, March 17th. They set a “buy” rating and a $10.00 price objective for the company. Finally, Weiss Ratings initiated coverage on TIC Solutions in a report on Thursday, March 12th. They set a “sell (d-)” rating for the company. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $11.50.

TIC Solutions Stock Performance

Shares of TIC stock opened at $9.93 on Thursday. TIC Solutions has a 12-month low of $6.36 and a 12-month high of $14.94. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of -19.09 and a beta of 3.21. The business has a 50 day simple moving average of $8.17 and a 200 day simple moving average of $9.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.20 and a quick ratio of 3.20.

TIC Solutions (NYSE:TIC) last issued its quarterly earnings data on Wednesday, May 6th. The company reported ($0.19) earnings per share (EPS) for the quarter. TIC Solutions had a negative return on equity of 4.02% and a negative net margin of 5.77%.The business had revenue of $488.03 million during the quarter. On average, equities research analysts anticipate that TIC Solutions will post 0.37 EPS for the current year.

Institutional Investors Weigh In On TIC Solutions

A number of institutional investors have recently added to or reduced their stakes in TIC. Vanguard Group Inc. grew its position in 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 buying an additional 4,280,384 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of TIC Solutions in the third quarter valued at approximately $43,579,000. Cercano Management LLC bought a new position in shares of TIC Solutions in the third quarter valued at approximately $38,629,000. Millennium Management LLC bought a new position in shares of TIC Solutions in the third quarter valued at approximately $29,705,000. Finally, Long Focus Capital Management LLC bought a new position in TIC Solutions in the 3rd quarter worth approximately $24,277,000.

TIC Solutions 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.