Stephens Upgrades Team to “Overweight” (TISI)
Team (NASDAQ:TISI) was upgraded by stock analysts at Stephens from an “equal weight” rating to an “overweight” rating in a report issued on Friday, TheFlyOnTheWall.com reports.
Several other analysts have also recently commented on the stock. Analysts at Johnson Rice downgraded shares of Team from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday. 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. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Team presently has an average rating of “Hold” and an average target price of $41.38.
Shares of Team (NASDAQ:TISI) opened at 44.88 on Friday. 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 $921.5 million and a price-to-earnings ratio of 32.23.
Team (NASDAQ:TISI) last posted its quarterly earnings results on Wednesday, January 8th. The company reported $0.62 EPS for the quarter, meeting the Thomson Reuters 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 last year, the company posted $0.66 earnings per share. Team’s revenue was up .0% compared to the same quarter last year. Analysts expect that Team will post $1.69 EPS 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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