Team, Inc. (TISI) Cut to “Sell” at ValuEngine
Team, Inc. (NYSE:TISI) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report released on Friday.
Separately, Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 10th.
Team (NYSE TISI) traded up 1.35% during mid-day trading on Friday, reaching $26.25. 243,976 shares of the company were exchanged. The stock has a 50-day moving average of $26.21 and a 200 day moving average of $31.09. The firm’s market capitalization is $782.62 million. Team has a 1-year low of $23.53 and a 1-year high of $39.70.
Team (NYSE:TISI) last announced its quarterly earnings results on Tuesday, May 9th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $286.55 million during the quarter, compared to analyst estimates of $303.30 million. Team had a net margin of 0.71% and a return on equity of 4.98%. Equities research analysts forecast that Team will post $0.53 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the stock. UBS Group AG increased its position in shares of Team by 21.6% in the first quarter. UBS Group AG now owns 5,642 shares of the business services provider’s stock worth $152,000 after buying an additional 1,003 shares during the period. Mason Street Advisors LLC increased its position in shares of Team by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock worth $187,000 after buying an additional 452 shares during the period. Strs Ohio acquired a new position in shares of Team during the first quarter worth about $229,000. Blair William & Co. IL acquired a new position in shares of Team during the first quarter worth about $245,000. Finally, Pitcairn Co. increased its position in shares of Team by 75.9% in the first quarter. Pitcairn Co. now owns 11,482 shares of the business services provider’s stock worth $310,000 after buying an additional 4,953 shares during the period. 97.74% of the stock is owned by hedge funds and other institutional investors.
Team Company Profile
Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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