Team (NYSE:TISI) Cut to “Strong Sell” at ValuEngine

ValuEngine lowered shares of Team (NYSE:TISI) from a sell rating to a strong sell rating in a research report report published on Thursday, March 15th.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Team from a hold rating to a sell rating in a report on Thursday, November 16th. Stephens upgraded shares of Team from an equal weight rating to an overweight rating in a report on Monday, January 22nd. KeyCorp boosted their price target on Team to $19.00 and gave the stock an overweight rating in a research note on Thursday, February 8th. Finally, Johnson Rice upgraded Team from a hold rating to an accumulate rating and set a $24.00 price target on the stock in a research note on Tuesday, January 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Team has a consensus rating of Hold and an average price target of $20.67.

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Shares of TISI stock traded up $0.40 on Thursday, hitting $14.80. The stock had a trading volume of 496,448 shares, compared to its average volume of 809,610. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.69 and a quick ratio of 2.35. The company has a market capitalization of $430.76, a P/E ratio of -35.24 and a beta of 1.61. Team has a one year low of $10.45 and a one year high of $30.20.

Team (NYSE:TISI) last released its quarterly earnings data on Tuesday, March 13th. The business services provider reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.42. The firm had revenue of $316.33 million during the quarter, compared to the consensus estimate of $307.70 million. Team had a negative return on equity of 2.52% and a negative net margin of 8.68%. analysts anticipate that Team will post -0.53 earnings per share for the current fiscal year.

In other news, insider Greg L. Boane bought 2,015 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were purchased at an average price of $14.83 per share, for a total transaction of $29,882.45. Following the completion of the transaction, the insider now directly owns 11,572 shares in the company, valued at $171,612.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.10% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the business. Municipal Employees Retirement System of Michigan lifted its holdings in Team by 60.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 11,190 shares of the business services provider’s stock valued at $149,000 after acquiring an additional 4,230 shares during the period. Aperio Group LLC acquired a new position in Team in the fourth quarter valued at approximately $150,000. Teacher Retirement System of Texas acquired a new position in Team in the fourth quarter valued at approximately $154,000. Quantbot Technologies LP acquired a new position in Team in the third quarter valued at approximately $206,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in Team by 63.2% in the third quarter. BNP Paribas Arbitrage SA now owns 15,473 shares of the business services provider’s stock valued at $207,000 after acquiring an additional 5,991 shares during the period. 96.88% of the stock is owned by institutional investors.

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About Team

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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