Team (NYSE:TISI) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Team (NYSE:TISI) from a hold rating to a strong-buy rating in a research report sent to investors on Tuesday morning, Zacks.com reports. They currently have $20.00 target price 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 downgraded Team from a buy rating to a hold rating in a research note on Thursday, April 25th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $22.67.

Shares of NYSE TISI opened at $17.22 on Tuesday. The company has a 50-day moving average price of $15.62. The company has a quick ratio of 1.86, a current ratio of 2.39 and a debt-to-equity ratio of 0.81. Team has a one year low of $13.90 and a one year high of $25.55. The stock has a market capitalization of $533.16 million, a P/E ratio of -22.08 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 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.15. Team had a negative return on equity of 2.49% and a negative net margin of 2.75%. The firm had revenue of $315.83 million for the quarter, compared to the consensus estimate of $335.70 million. On average, equities research analysts forecast that Team will post -0.12 EPS for the current fiscal year.

In other news, Director Craig L. Martin bought 20,000 shares of the stock in a transaction on Tuesday, May 21st. The shares were purchased at an average price of $15.20 per share, for a total transaction of $304,000.00. Following the completion of the purchase, the director now directly owns 29,585 shares of the company’s stock, valued at approximately $449,692. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.50% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake in shares of Team by 0.7% during the 4th quarter. Principal Financial Group Inc. now owns 244,151 shares of the business services provider’s stock worth $3,577,000 after acquiring an additional 1,742 shares in the last quarter. Comerica Bank boosted its stake in shares of Team by 2.8% during the 1st quarter. Comerica Bank now owns 29,746 shares of the business services provider’s stock worth $542,000 after acquiring an additional 797 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Team during the 1st quarter worth about $273,000. FDx Advisors Inc. bought a new stake in shares of Team during the 2nd quarter worth about $165,000. Finally, Rutabaga Capital Management LLC MA boosted its stake in shares of Team by 3.7% during the 1st quarter. Rutabaga Capital Management LLC MA now owns 235,509 shares of the business services provider’s stock worth $4,121,000 after acquiring an additional 8,500 shares in the last quarter.

Team Company Profile

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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