Team Upgraded by Zacks to “Neutral” (TISI)
Team (NASDAQ:TISI) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Wednesday. The firm currently has a $41.40 target price on the stock. Zacks‘s price objective points to a potential upside of 2.50% from the stock’s previous close.
In other Team news, CEO Philip J. Hawk sold 86,000 shares of the stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $40.08, for a total value of $3,446,880.00. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Team (NASDAQ:TISI) traded up 0.07% on Wednesday, hitting $40.42. The stock had a trading volume of 19,788 shares. Team has a one year low of $32.33 and a one year high of $48.09. The stock’s 50-day moving average is $40.7 and its 200-day moving average is $41.86. The company has a market cap of $827.9 million and a price-to-earnings ratio of 28.85.
Team (NASDAQ:TISI) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.03. The company had revenue of $211.49 million for the quarter, compared to the consensus estimate of $211.25 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Team will post $1.98 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at ISI Group downgraded shares of Team from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Analysts at BB&T Corp. downgraded shares of Team from a “buy” rating to a “hold” rating in a research note on Monday, June 2nd. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $41.85.
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 extensively in heavy industries.
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