Analysts Set TIC Solutions, Inc (NYSE:TIC) PT at $11.50

TIC Solutions, Inc (NYSE:TIC) has been given a consensus recommendation of “Reduce” by the seven research firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $11.50.

Several equities analysts have recently weighed in on the company. UBS Group lifted their price target on TIC Solutions from $8.00 to $11.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Robert W. Baird set a $11.00 price objective on TIC Solutions in a report on Thursday, May 7th. JPMorgan Chase & Co. raised their target price on TIC Solutions from $7.00 to $9.00 and gave the stock an “underweight” rating in a research note on Thursday, May 7th. Roth Mkm reaffirmed a “buy” rating and set a $11.50 target price on shares of TIC Solutions in a report on Thursday, May 7th. Finally, Zacks Research cut TIC Solutions from a “hold” rating to a “strong sell” rating in a research report on Monday, June 15th.

TIC Solutions Stock Down 1.1%

TIC Solutions stock opened at $8.00 on Thursday. The firm has a 50 day simple moving average of $8.64 and a 200 day simple moving average of $9.06. The company has a current ratio of 3.06, a quick ratio of 3.06 and a debt-to-equity ratio of 0.74. TIC Solutions has a 1-year low of $6.36 and a 1-year high of $14.94. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of -15.39 and a beta of 2.80.

Hedge Funds Weigh In On TIC Solutions

Hedge funds have recently bought and sold shares of the company. Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its holdings in TIC Solutions by 10.1% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 12,688 shares of the company’s stock worth $83,000 after acquiring an additional 1,165 shares during the period. FNY Investment Advisers LLC bought a new position in TIC Solutions in the 3rd quarter valued at $33,000. Clearstead Advisors LLC bought a new position in TIC Solutions in the 3rd quarter valued at $43,000. HB Wealth Management LLC grew its position in shares of TIC Solutions by 22.9% during the 1st quarter. HB Wealth Management LLC now owns 18,521 shares of the company’s stock valued at $122,000 after purchasing an additional 3,445 shares in the last quarter. Finally, Ameritas Investment Partners Inc. grew its position in shares of TIC Solutions by 34.8% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 14,242 shares of the company’s stock valued at $190,000 after purchasing an additional 3,673 shares in the last quarter.

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.