Team, Inc. (TISI) Upgraded to “Hold” at Zacks Investment Research
Team, Inc. (NYSE:TISI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “TEAM, INC. is a professional full service provider of environmental engineering, consulting, monitoring and repair services. Environmental engineering, consulting and monitoring services, primarily in air quality together with on-stream leak repair and related industrial services for piping systems and process equipment, are provided by subsidiaries of the Company through its Environmental Services business segment. “
Separately, ValuEngine lowered Team from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd.
Team (NYSE:TISI) opened at 23.25 on Tuesday. The company’s 50-day moving average price is $25.10 and its 200 day moving average price is $29.58. Team has a 52 week low of $22.50 and a 52 week high of $39.70. The company’s market capitalization is $693.18 million.
Team (NYSE:TISI) last announced its quarterly earnings results on Tuesday, May 9th. The business services provider reported ($0.24) EPS for the quarter. The company had revenue of $286.55 million during the quarter, compared to analyst estimates of $303.30 million. Team had a negative net margin of 1.28% and a positive return on equity of 1.02%. On average, equities research analysts anticipate that Team will post $0.51 EPS for the current year.
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A number of institutional investors have recently bought and sold shares of TISI. State of Alaska Department of Revenue raised its position in Team by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,883 shares of the business services provider’s stock worth $137,000 after buying an additional 2,613 shares in the last quarter. UBS Group AG raised its position in 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 in the last quarter. Mason Street Advisors LLC raised its position in 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 in the last quarter. Strs Ohio acquired a new position in Team during the first quarter worth approximately $229,000. Finally, Blair William & Co. IL acquired a new position in Team during the first quarter worth approximately $245,000. 96.50% of the stock is currently owned by 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.
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