TIC Solutions (NYSE:TIC) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TIC Solutions (NYSE:TIC) from a sell rating to a hold rating in a research note released on Saturday,Wall Street Zen reports.

A number of other research firms also recently weighed in on TIC. UBS Group reissued a “buy” rating on shares of TIC Solutions in a research note on Monday, October 19th. JPMorgan Chase & Co. raised shares of TIC Solutions from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $9.00 to $11.00 in a research note on Friday, August 21st. Zacks Research raised shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of TIC Solutions in a report on Friday, September 4th. Finally, Robert W. Baird set a $10.00 target price on shares of TIC Solutions in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $12.00.

TIC Solutions Price Performance

Shares of TIC stock opened at $11.29 on Friday. The stock has a 50-day moving average price of $9.30 and a 200 day moving average price of $8.76. The company has a current ratio of 2.91, a quick ratio of 2.91 and a debt-to-equity ratio of 0.76. TIC Solutions has a 12 month low of $6.36 and a 12 month high of $11.86.

TIC Solutions (NYSE:TIC) last announced its quarterly earnings data on Thursday, November 5th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. TIC Solutions had a negative return on equity of 2.30% and a negative net margin of 5.64%. The firm had revenue of $639.62 million during the quarter. As a group, analysts predict that TIC Solutions will post 0.29 EPS for the current year.

Institutional Trading of TIC Solutions

A number of hedge funds have recently modified their holdings of TIC. Royce & Associates LP grew its holdings in TIC Solutions by 21.4% during the third quarter. Royce & Associates LP now owns 1,011,166 shares of the company’s stock valued at $8,413,000 after purchasing an additional 178,166 shares during the period. Drive Wealth Management LLC acquired a new stake in TIC Solutions in the third quarter worth $202,000. Lido Advisors LLC acquired a new stake in TIC Solutions in the third quarter worth $97,000. Fulcrum Asset Management LLP acquired a new stake in TIC Solutions in the third quarter worth $212,000. Finally, Ascent Group LLC boosted its position in shares of TIC Solutions by 10.7% during the third quarter. Ascent Group LLC now owns 11,223 shares of the company’s stock worth $93,000 after purchasing an additional 1,088 shares in the last quarter.

TIC Solutions Company Profile

Acuren Corporation provides critical asset integrity services in North America. Its activities include various nondestructive testing (NDT) solutions, 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, avoid accidents, and comply with regulatory requirements without destroying the asset or component.