Team (TISI) Upgraded to “Hold” by Zacks Investment Research

Team (NYSE:TISI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

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. “

How to Become a New Pot Stock Millionaire

Other 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. KeyCorp upped their price objective on shares of Team to $19.00 and gave the company an “overweight” rating in a report on Thursday, February 8th. ValuEngine downgraded shares of Team from a “sell” rating to a “strong sell” rating in a report on Thursday, March 15th. Johnson Rice upgraded shares of Team from a “hold” rating to an “accumulate” rating and set a $24.00 price objective on the stock in a report on Tuesday, January 23rd. Finally, Stephens upgraded shares of Team from an “equal weight” rating to an “overweight” rating in a report on Monday, January 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.67.

TISI stock opened at $14.80 on Friday. The stock has a market cap of $442.73, a price-to-earnings 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. The company has a quick ratio of 2.35, a current ratio of 2.69 and a debt-to-equity ratio of 0.85.

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

In related news, insider Greg L. Boane acquired 2,015 shares of the business’s stock in a transaction dated 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 acquisition, the insider now directly owns 11,572 shares in the company, valued at approximately $171,612.76. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 4.10% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in Team by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 256,672 shares of the business services provider’s stock worth $3,824,000 after buying an additional 3,882 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in Team by 60.8% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,190 shares of the business services provider’s stock worth $149,000 after buying an additional 4,230 shares during the period. First Trust Advisors LP increased its holdings in Team by 53.0% in the 3rd quarter. First Trust Advisors LP now owns 17,183 shares of the business services provider’s stock worth $229,000 after buying an additional 5,951 shares during the period. BNP Paribas Arbitrage SA increased its holdings in Team by 63.2% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,473 shares of the business services provider’s stock worth $207,000 after buying an additional 5,991 shares during the period. Finally, New York State Common Retirement Fund increased its holdings in Team by 11.9% in the 3rd quarter. New York State Common Retirement Fund now owns 57,403 shares of the business services provider’s stock worth $766,000 after buying an additional 6,100 shares during the period. Institutional investors own 96.88% of the company’s stock.

WARNING: “Team (TISI) Upgraded to “Hold” by Zacks Investment Research” was first reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another website, it was copied illegally and reposted in violation of international copyright legislation. The original version of this article can be read at https://www.tickerreport.com/banking-finance/3342194/team-tisi-upgraded-to-hold-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Team (TISI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Team Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Baozun  Trading 5.9% Higher
Baozun Trading 5.9% Higher
Nucor  Posts  Earnings Results, Misses Estimates By $0.06 EPS
Nucor Posts Earnings Results, Misses Estimates By $0.06 EPS
Head to Head Survey: Goldcorp  and Its Competitors
Head to Head Survey: Goldcorp and Its Competitors
K2M Group Holdings  Receives Consensus Rating of “Buy” from Brokerages
K2M Group Holdings Receives Consensus Rating of “Buy” from Brokerages
Contrasting Integra lifesciences  & Bio-Rad Laboratories
Contrasting Integra lifesciences & Bio-Rad Laboratories
Discovery Communications Inc.  Given Consensus Recommendation of “Hold” by Analysts
Discovery Communications Inc. Given Consensus Recommendation of “Hold” by Analysts


Leave a Reply

© 2006-2018 Ticker Report. Google+.