Zacks Investment Research upgraded shares of Team (NYSE:TISI) from a sell rating to a hold rating in a report published on Saturday, April 7th.
According to Zacks, “Team, Inc. is a professional, full-service provider of specialty industrial services. Team’s current industrial service offering encompasses on-stream leak repair, hot tapping, fugitive emissions monitoring, field machining, technical bolting, field valve repair, NDE inspection and field heat treating. All these services are required in maintaining high temperature, high pressure piping systems and vessels utilized extensively in the refining, petrochemical, power, pipeline, and other heavy industries. Team’s inspection services also serve the aerospace and automotive industries. “
Other research analysts have also recently issued research reports about the stock. Johnson Rice upgraded shares of Team from a hold rating to an accumulate rating and set a $24.00 price objective for the company in a report on Tuesday, January 23rd. TheStreet upgraded shares of Team from a d rating to a c- rating in a report on Wednesday, March 14th. KeyCorp lifted their price objective on shares of Team to $19.00 and gave the company an overweight rating in a report on Thursday, February 8th. Stephens upgraded shares of Team from an equal weight rating to an overweight rating in a report on Monday, January 22nd. Finally, ValuEngine cut shares of Team from a sell rating to a strong sell rating in a report on Thursday, March 15th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Team has a consensus rating of Hold and a consensus target price of $20.67.
Shares of TISI stock opened at $17.20 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.69 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $495.08, a P/E ratio of -40.95 and a beta of 1.61. Team has a fifty-two week low of $10.45 and a fifty-two week high of $30.20.
Team (NYSE:TISI) last announced its quarterly earnings data on Tuesday, March 13th. The business services provider reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.42. The firm had revenue of $316.33 million during the quarter, compared to analysts’ expectations of $307.70 million. Team had a negative net margin of 8.68% and a negative return on equity of 2.52%. research analysts predict that Team will post -0.3 EPS for the current year.
In other news, insider Greg L. Boane purchased 2,015 shares of the stock in a transaction on Friday, March 16th. The stock was bought at an average price of $14.83 per share, for a total transaction of $29,882.45. Following the acquisition, the insider now directly owns 11,572 shares of the company’s stock, valued at approximately $171,612.76. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.90% of the company’s stock.
Large investors have recently modified their holdings of the company. Aperio Group LLC purchased a new stake in shares of Team during the 4th quarter worth approximately $150,000. Teacher Retirement System of Texas purchased a new stake in shares of Team during the 4th quarter worth approximately $154,000. Municipal Employees Retirement System of Michigan lifted its position in shares of Team by 60.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,190 shares of the business services provider’s stock worth $149,000 after buying an additional 4,230 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in shares of Team during the 4th quarter worth approximately $211,000. Finally, Bank of Montreal Can lifted its position in shares of Team by 4,966.0% during the 4th quarter. Bank of Montreal Can now owns 14,742 shares of the business services provider’s stock worth $220,000 after buying an additional 14,451 shares during the last quarter.
Team Company Profile
Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. The company operates through three segments: TeamQualspec Group (TeamQualspec), TeamFurmanite Group (TeamFurmanite), and Quest Integrity. The TeamQualspec segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, eddy current testing, and alternating current field measurement services.
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