RBC Capital Reiterates “Hold” Rating for Team (TISI)
Team (NASDAQ:TISI)‘s stock had its “hold” rating reiterated by RBC Capital in a research note issued on Thursday, Analyst Ratings Network reports. They currently have a $43.00 price target on the stock. RBC Capital’s target price points to a potential upside of 31.18% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at DA Davidson cut their price target on shares of Team (NASDAQ:TISI) from $41.00 to $38.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Zacks upgraded shares of Team (NASDAQ:TISI) from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, July 30th. They now have a $39.90 price target on the stock. Finally, analysts at BB&T Corp. downgraded shares of Team (NASDAQ:TISI) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $40.30.
Team (NASDAQ:TISI) traded down 4.85% on Thursday, hitting $32.78. The stock had a trading volume of 346,240 shares. Team has a 52-week low of $30.92 and a 52-week high of $46.66. The stock has a 50-day moving average of $39.08 and a 200-day moving average of $38.8. The company has a market cap of $672.1 million and a P/E ratio of 24.98.
Team (NASDAQ:TISI) last posted its quarterly earnings results on Wednesday, October 2nd. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.36 by $0.13. The company had revenue of $174.31 million for the quarter, compared to the consensus estimate of $176.70 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts predict that Team will post $2.00 earnings per share for the current fiscal year.
Team, Inc, is a provider of specialty maintenance and inspection services required in maintaining high temperature and high pressure piping systems and vessels that are utilized in heavy industries.
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