Team Stock Rating Lowered by Johnson Rice (TISI)
Team (NASDAQ:TISI) was downgraded by investment analysts at Johnson Rice from an “overweight” rating to an “equal weight” rating in a note issued to investors on Thursday, TheFlyOnTheWall.com reports.
Team (NASDAQ:TISI) traded down 0.70% on Thursday, hitting $44.13. The stock had a trading volume of 27,997 shares. Team has a 52 week low of $32.33 and a 52 week high of $46.66. The stock has a 50-day moving average of $40.48 and a 200-day moving average of $39.08. The company has a market cap of $906.1 million and a P/E ratio of 32.23.
Team (NASDAQ:TISI) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.62 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.62. The company had revenue of $200.00 million for the quarter, compared to the consensus estimate of $214.50 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Analysts expect that Team will post $1.69 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Team from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, December 9th. They now have a $40.50 price target on the stock. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $41.38.
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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