Team, Inc. (NYSE:TISI) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $22.50.

TISI has been the subject of a number of research reports. ValuEngine downgraded shares of Team from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Stephens downgraded shares of Team from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $34.00 to $19.00 in a research report on Tuesday, July 25th. Johnson Rice downgraded shares of Team from a “buy” rating to a “hold” rating and reduced their price target for the company from $36.00 to $26.00 in a research report on Tuesday, July 25th. Finally, TheStreet downgraded shares of Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th.

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In other Team news, Director Louis A. Waters acquired 17,500 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was acquired at an average cost of $11.40 per share, with a total value of $199,500.00. Following the purchase, the director now directly owns 160,580 shares in the company, valued at approximately $1,830,612. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Louis A. Waters acquired 12,500 shares of the company’s stock in a transaction dated Tuesday, August 15th. The shares were acquired at an average cost of $11.40 per share, with a total value of $142,500.00. Following the completion of the purchase, the director now owns 160,580 shares in the company, valued at $1,830,612. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 36,000 shares of company stock valued at $408,130. Corporate insiders own 4.10% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in Team by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the business services provider’s stock worth $325,000 after acquiring an additional 100 shares during the period. Arizona State Retirement System grew its stake in Team by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 15,500 shares of the business services provider’s stock worth $363,000 after acquiring an additional 100 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in Team by 4.5% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock worth $163,000 after acquiring an additional 300 shares during the period. Texas Permanent School Fund grew its stake in Team by 1.9% in the 2nd quarter. Texas Permanent School Fund now owns 21,768 shares of the business services provider’s stock worth $510,000 after acquiring an additional 412 shares during the period. Finally, Mason Street Advisors LLC grew its stake in Team by 7.0% in the 1st quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock worth $187,000 after acquiring an additional 452 shares during the period. 96.87% of the stock is owned by institutional investors and hedge funds.

Shares of Team (TISI) opened at 13.45 on Tuesday. Team has a 1-year low of $10.45 and a 1-year high of $39.70. The firm’s 50-day moving average price is $12.26 and its 200 day moving average price is $21.89. The stock’s market capitalization is $401.33 million.

Team (NYSE:TISI) last posted its quarterly earnings results on Monday, August 7th. The business services provider reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.54). Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. The company had revenue of $312.26 million for the quarter, compared to analyst estimates of $309.60 million. Equities research analysts expect that Team will post ($0.52) earnings per share for the current fiscal year.

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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