Team Rating Increased to Buy at BB&T Corp. (TISI)
Team (NASDAQ:TISI) was upgraded by equities research analysts at BB&T Corp. from a “hold” rating to a “buy” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm currently has a $44.00 target price on the stock. BB&T Corp.’s price target suggests a potential upside of 25.89% from the company’s current price.
Team (NASDAQ:TISI) traded up 0.04% during mid-day trading on Monday, hitting $34.965. 60,819 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’s 50-day moving average is $38.69 and its 200-day moving average is $38.77. The company has a market cap of $716.9 million and a P/E 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.
A number of other analysts have also recently weighed in on TISI. 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. Separately, 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. Finally, analysts at DA Davidson cut their price target on shares of Team from $41.00 to $38.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Team has a consensus rating of “Hold” and a consensus target price of $41.23.
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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