TIC Solutions (NYSE:TIC – Get Free Report) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.
Several other equities analysts have also weighed in on TIC. JPMorgan Chase & Co. raised their target price on TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a report on Thursday, May 7th. UBS Group upped their price target on TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Roth Mkm reissued a “buy” rating and set a $11.50 price objective on shares of TIC Solutions in a report on Thursday, May 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of TIC Solutions in a research note on Tuesday, June 9th. Finally, Robert W. Baird set a $11.00 target price on TIC Solutions in a report on Thursday, May 7th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, TIC Solutions presently has a consensus rating of “Reduce” and an average price target of $11.50.
Get Our Latest Research Report on TIC Solutions
TIC Solutions Stock Down 1.3%
Institutional Investors Weigh In On TIC Solutions
A number of hedge funds have recently bought and sold shares of TIC. NewEdge Advisors LLC acquired a new stake in shares of TIC Solutions in the first quarter valued at about $170,000. Carlson Capital L.P. acquired a new position in shares of TIC Solutions during the 1st quarter worth about $572,000. Bank of America Corp DE lifted its position in shares of TIC Solutions by 219.2% during the 1st quarter. Bank of America Corp DE now owns 667,523 shares of the company’s stock worth $4,392,000 after purchasing an additional 458,431 shares during the last quarter. California State Teachers Retirement System boosted its stake in TIC Solutions by 35.7% during the 1st quarter. California State Teachers Retirement System now owns 189,139 shares of the company’s stock valued at $1,245,000 after purchasing an additional 49,794 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in TIC Solutions by 605.5% during the 1st quarter. Quantinno Capital Management LP now owns 177,066 shares of the company’s stock valued at $1,165,000 after purchasing an additional 151,968 shares during the period.
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.
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