Shares of TIC Solutions, Inc (NYSE:TIC – Get Free Report) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $12.00.
Several analysts have commented on TIC shares. UBS Group raised shares of TIC Solutions from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $11.00 to $12.50 in a research report on Tuesday, August 11th. Zacks Research upgraded shares of TIC Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised shares of TIC Solutions from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $9.00 to $11.00 in a report on Friday, August 21st. Weiss Ratings reissued 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 TIC Solutions in a research note on Friday, August 7th.
TIC Solutions Stock Up 0.2%
TIC Solutions (NYSE:TIC – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. The company had revenue of $584.35 million for the quarter. TIC Solutions had a negative return on equity of 2.30% and a negative net margin of 5.64%. Analysts forecast that TIC Solutions will post 0.29 earnings per share for the current year.
Institutional Investors Weigh In On TIC Solutions
Institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG purchased a new position in TIC Solutions in the 2nd quarter valued at approximately $1,510,000. Quantinno Capital Management LP boosted its holdings in shares of TIC Solutions by 605.5% in the first quarter. Quantinno Capital Management LP now owns 177,066 shares of the company’s stock worth $1,165,000 after acquiring an additional 151,968 shares during the period. Legal & General Group Plc bought a new position in shares of TIC Solutions in the second quarter worth $868,000. Bank of New York Mellon Corp purchased a new position in shares of TIC Solutions in the second quarter valued at $4,468,000. Finally, Jefferies Financial Group Inc. purchased a new position in shares of TIC Solutions in the second quarter valued at $40,450,000.
About TIC Solutions
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.
See Also
- Five stocks we like better than TIC Solutions
- NVIDIA’s Record High Raises a Bigger Question About How Far the Rally Can Run
- A Manufacturing Surprise Could Be a Big Win for These 2 Companies
- What a $1 Billion Chip Deal Says About Amazon’s AI Ambitions
- 3 Stocks Benefiting From AI Demand Just Announced Major Buybacks
Receive News & Ratings for TIC Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TIC Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
