Team (NYSE:TISI) had its price objective boosted by KeyCorp from $22.00 to $24.00 in a report issued on Friday. KeyCorp currently has an overweight rating on the business services provider’s stock.
Other equities analysts have also issued reports about the stock. TheStreet raised shares of Team from a d rating to a c- rating in a research report on Wednesday, March 14th. Zacks Investment Research raised shares of Team from a strong sell rating to a hold rating in a research report on Wednesday, June 6th. Finally, ValuEngine raised shares of Team from a sell rating to a hold rating in a research report on Friday, May 11th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $22.33.
Team traded up $0.85, reaching $23.10, during mid-day trading on Friday, Marketbeat.com reports. 699,481 shares of the company’s stock were exchanged, compared to its average volume of 327,566. Team has a one year low of $10.45 and a one year high of $24.80. The firm has a market cap of $667.22 million, a price-to-earnings ratio of -55.00 and a beta of 1.67. The company has a debt-to-equity ratio of 0.85, a quick ratio of 2.32 and a current ratio of 2.67.
Team (NYSE:TISI) last released its quarterly earnings results on Tuesday, May 8th. The business services provider reported ($0.58) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.47). Team had a negative return on equity of 4.79% and a negative net margin of 9.25%. The business had revenue of $302.39 million for the quarter, compared to the consensus estimate of $289.70 million. sell-side analysts anticipate that Team will post -0.83 EPS for the current year.
A number of institutional investors have recently made changes to their positions in TISI. Schwab Charles Investment Management Inc. grew its stake in Team by 22.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 274,204 shares of the business services provider’s stock worth $4,086,000 after buying an additional 50,169 shares in the last quarter. Aperio Group LLC acquired a new stake in Team during the fourth quarter worth about $150,000. Teacher Retirement System of Texas acquired a new stake in Team during the fourth quarter worth about $154,000. Wells Fargo & Company MN grew its stake in Team by 422.6% during the fourth quarter. Wells Fargo & Company MN now owns 152,011 shares of the business services provider’s stock worth $2,265,000 after buying an additional 122,923 shares in the last quarter. Finally, State of Wisconsin Investment Board acquired a new stake in Team during the fourth quarter worth about $1,490,000.
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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