Team, Inc. (NYSE:TISI) has been given an average recommendation of “Hold” by the seven research firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $21.50.
TISI has been the subject of a number of recent analyst reports. KeyCorp upped their price objective on shares of Team to $19.00 and gave the company an “overweight” rating in a research report on Thursday, February 8th. BidaskClub upgraded shares of Team from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Johnson Rice upgraded shares of Team from a “hold” rating to an “accumulate” rating in a research report on Wednesday, November 8th. Stephens upgraded shares of Team from an “equal weight” rating to an “overweight” rating in a research report on Monday, January 22nd. Finally, Zacks Investment Research cut shares of Team from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th.
Team (TISI) traded down $0.55 on Friday, hitting $17.30. 236,634 shares of the company were exchanged, compared to its average volume of 501,441. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.32 and a current ratio of 2.68. Team has a 1-year low of $10.45 and a 1-year high of $35.15. The company has a market cap of $536.96, a PE ratio of -4.54 and a beta of 1.53.
In other news, Director Jeffery Gerald Davis acquired 3,829 shares of the stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average price of $13.75 per share, for a total transaction of $52,648.75. Following the transaction, the director now directly owns 21,398 shares in the company, valued at $294,222.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Sterling Capital Management LLC bought a new position in Team during the 4th quarter worth about $3,562,000. MetLife Investment Advisors LLC bought a new position in Team during the 4th quarter worth about $211,000. Archer Capital Management L.P. bought a new position in Team during the 4th quarter worth about $8,297,000. Engine Capital Management LLC increased its holdings in Team by 78.2% during the 4th quarter. Engine Capital Management LLC now owns 765,675 shares of the business services provider’s stock worth $11,409,000 after purchasing an additional 335,930 shares in the last quarter. Finally, TIAA CREF Investment Management LLC increased its holdings in Team by 25.3% during the 4th quarter. TIAA CREF Investment Management LLC now owns 140,410 shares of the business services provider’s stock worth $2,092,000 after purchasing an additional 28,323 shares in the last quarter. Hedge funds and other institutional investors own 96.88% of the company’s stock.
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Team Company Profile
Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.
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