TIC Solutions, Inc (NYSE:TIC – Get Free Report) shares shot up 13.7% during mid-day trading on Friday . The company traded as high as $9.88 and last traded at $9.8730. Approximately 1,253,380 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 2,481,136 shares. The stock had previously closed at $8.68.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on TIC. JPMorgan Chase & Co. boosted their price objective on shares of TIC Solutions from $7.00 to $9.00 and gave the company an “underweight” rating in a research report on Thursday, May 7th. UBS Group lifted their price target on shares of TIC Solutions from $8.00 to $11.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Robert W. Baird set a $10.00 price target on shares of TIC Solutions in a report on Friday. Roth Capital reissued a “buy” rating and issued a $11.50 price objective on shares of TIC Solutions in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 15th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, TIC Solutions presently has an average rating of “Hold” and a consensus target price of $11.30.
View Our Latest Report on TIC Solutions
TIC Solutions Stock Up 13.7%
Institutional Trading of TIC Solutions
A number of large investors have recently modified their holdings of TIC. National Bank of Canada FI bought a new position in TIC Solutions in the third quarter worth approximately $53,000. Tower Research Capital LLC TRC purchased a new position in TIC Solutions during the 2nd quarter worth $82,000. Dauntless Investment Group LLC bought a new stake in TIC Solutions during the 3rd quarter valued at $110,000. BNP Paribas Financial Markets bought a new stake in TIC Solutions during the 2nd quarter valued at $97,000. Finally, Financial Avengers Inc. purchased a new stake in shares of TIC Solutions in the 3rd quarter worth $120,000.
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.
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