Team (NYSE:TISI) was upgraded by analysts at TheStreet from a “d” rating to a “c-” rating in a research report issued to clients and investors on Wednesday, March 14th.
A number of other research firms also recently issued reports on TISI. Johnson Rice raised Team from a “hold” rating to an “accumulate” rating and set a $24.00 target price for the company in a research report on Tuesday, January 23rd. Stephens raised Team from an “equal weight” rating to an “overweight” rating in a research report on Monday, January 22nd. KeyCorp raised their target price on Team to $19.00 and gave the stock an “overweight” rating in a research report on Thursday, February 8th. ValuEngine cut Team from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 15th. Finally, Zacks Investment Research cut Team from a “hold” rating to a “sell” rating in a research report on Thursday, November 16th. 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. The company has a consensus rating of “Hold” and a consensus target price of $20.67.
Shares of TISI stock traded up $0.40 during trading hours on Wednesday, reaching $14.80. The company had a trading volume of 496,448 shares, compared to its average volume of 809,610. Team has a 12 month low of $10.45 and a 12 month high of $30.20. 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 firm has a market capitalization of $442.73, a PE ratio of -35.24 and a beta of 1.61.
Team (NYSE:TISI) last issued its quarterly earnings results on Tuesday, March 13th. The business services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.42. The business had revenue of $316.33 million for the quarter, compared to analyst estimates of $307.70 million. Team had a negative return on equity of 2.52% and a negative net margin of 8.68%. equities research analysts anticipate that Team will post -0.53 earnings per share for the current fiscal year.
In other Team news, insider Greg L. Boane bought 2,015 shares of Team stock in a transaction that occurred on Friday, March 16th. The stock was acquired at an average cost 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.10% of the stock is owned by insiders.
A number of hedge funds have recently modified their holdings of TISI. State Street Corp lifted its stake in Team by 4.4% during the second quarter. State Street Corp now owns 688,306 shares of the business services provider’s stock worth $16,142,000 after purchasing an additional 29,171 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Team by 2.1% during the second quarter. The Manufacturers Life Insurance Company now owns 22,673 shares of the business services provider’s stock worth $531,000 after purchasing an additional 459 shares during the last quarter. First Trust Advisors LP lifted its stake in Team by 53.0% during the third quarter. First Trust Advisors LP now owns 17,183 shares of the business services provider’s stock worth $229,000 after purchasing an additional 5,951 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in Team by 63.2% during the third quarter. BNP Paribas Arbitrage SA now owns 15,473 shares of the business services provider’s stock worth $207,000 after purchasing an additional 5,991 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Team by 50.6% during the third quarter. Sei Investments Co. now owns 48,123 shares of the business services provider’s stock worth $643,000 after purchasing an additional 16,178 shares during the last quarter. 96.88% of the stock is owned by hedge funds and other institutional investors.
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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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