Zacks Investment Research upgraded shares of Team (NYSE:TISI) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning, Zacks.com reports. The brokerage currently has $20.00 price objective on the business services provider’s stock.
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. “
Separately, ValuEngine cut Team from a buy rating to a hold rating in a research note on Thursday, April 25th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Team presently has an average rating of Buy and a consensus price target of $22.67.
Shares of TISI opened at $17.14 on Tuesday. Team has a 12-month low of $13.90 and a 12-month high of $25.55. The business has a 50-day simple moving average of $15.73 and a two-hundred day simple moving average of $16.03. The company has a quick ratio of 1.86, a current ratio of 2.39 and a debt-to-equity ratio of 0.93. The stock has a market cap of $519.22 million, a PE ratio of -21.97 and a beta of 1.58.
Team (NYSE:TISI) last issued its earnings results on Tuesday, August 6th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. The business had revenue of $315.83 million during the quarter, compared to analysts’ expectations of $335.70 million. Team had a negative return on equity of 2.49% and a negative net margin of 2.75%. On average, equities research analysts expect that Team will post -0.09 EPS for the current year.
In related news, Director Craig L. Martin purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The stock was bought at an average price of $15.20 per share, with a total value of $304,000.00. Following the completion of the purchase, the director now owns 29,585 shares in the company, valued at approximately $449,692. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.50% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. Loews Corp bought a new stake in shares of Team during the 2nd quarter valued at about $10,166,000. BlackRock Inc. boosted its position in shares of Team by 1.3% during the 2nd quarter. BlackRock Inc. now owns 4,522,273 shares of the business services provider’s stock valued at $69,281,000 after purchasing an additional 59,207 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Team by 1.4% during the 2nd quarter. Vanguard Group Inc. now owns 3,079,943 shares of the business services provider’s stock valued at $47,184,000 after purchasing an additional 42,588 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Team by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,751,349 shares of the business services provider’s stock valued at $42,151,000 after purchasing an additional 8,600 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in shares of Team by 1.5% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,634,669 shares of the business services provider’s stock valued at $25,043,000 after purchasing an additional 24,248 shares in the last quarter.
Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.
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