Team Downgraded to Underperform at Zacks (TISI)
Team (NASDAQ:TISI) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday, AnalystRatingsNetwork reports. They currently have a $33.20 price target on the stock. Zacks‘ price objective indicates a potential downside of 5.01% from the stock’s previous close.
A number of other firms have also recently commented on TISI. Analysts at BB&T Corp. upgraded shares of Team from a “hold” rating to a “buy” rating in a research note to investors on Monday. They now have a $44.00 price target on the stock. Separately, analysts at Johnson Rice upgraded shares of Team from an “equal weight” rating to an “overweight” rating in a research note to investors on Friday. Finally, analysts at RBC Capital reiterated a “hold” rating on shares of Team in a research note to investors on Thursday. They now have a $43.00 price target on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.55.
Team (NASDAQ:TISI) traded up 0.69% on Monday, hitting $35.19. 167,190 shares of the company’s stock traded hands. Team has a one year low of $30.92 and a one year high of $46.66. The stock has a 50-day moving average of $38.69 and a 200-day moving average of $38.77. The company has a market cap of $721.5 million and a price-to-earnings ratio of 25.34.
Team (NASDAQ:TISI) last released its earnings data on Wednesday, October 2nd. The company reported $0.23 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis.
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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