Team, Inc. (TISI) Lifted to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Team, Inc. (NYSE:TISI) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning.

According to Zacks, “TEAM, INC. is a professional full service provider of environmental engineering, consulting, monitoring and repair services. Environmental engineering, consulting and monitoring services, primarily in air quality together with on-stream leak repair and related industrial services for piping systems and process equipment, are provided by subsidiaries of the Company through its Environmental Services business segment. “

Team (NYSE:TISI) opened at 27.25 on Wednesday. The company’s market capitalization is $812.05 million. Team has a 12-month low of $23.53 and a 12-month high of $39.70. The stock’s 50 day moving average price is $28.23 and its 200 day moving average price is $32.70.

Team (NYSE:TISI) last released its quarterly earnings results on Tuesday, March 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.36. Team had a net margin of 0.71% and a return on equity of 4.98%. On average, equities research analysts anticipate that Team will post $1.11 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in TISI. Loomis Sayles & Co. L P boosted its stake in Team by 513.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 520,278 shares of the company’s stock worth $20,421,000 after buying an additional 435,467 shares during the period. Thrivent Financial for Lutherans boosted its stake in Team by 1,494.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 238,126 shares of the company’s stock worth $9,346,000 after buying an additional 223,196 shares during the period. Frontier Capital Management Co. LLC boosted its stake in Team by 34.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 801,461 shares of the company’s stock worth $31,457,000 after buying an additional 205,720 shares during the period. King Luther Capital Management Corp boosted its stake in Team by 101.5% in the third quarter. King Luther Capital Management Corp now owns 363,235 shares of the company’s stock worth $11,881,000 after buying an additional 182,980 shares during the period. Finally, Norges Bank purchased a new stake in Team during the fourth quarter worth about $7,031,000. Institutional investors own 97.74% of the company’s stock.

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.

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