Shares of Team, Inc. (NYSE:TISI) have received an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $22.50.

Several equities analysts recently commented on TISI shares. Johnson Rice cut shares of Team from a “buy” rating to a “hold” rating and reduced their price objective for the company from $36.00 to $26.00 in a research note on Tuesday, July 25th. BidaskClub raised shares of Team from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 18th. TheStreet lowered shares of Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. Finally, Stephens lowered shares of Team from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $34.00 to $19.00 in a research report on Tuesday, July 25th.

In other news, Director Jeffery Gerald Davis bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 10th. The shares were bought at an average cost of $10.96 per share, with a total value of $54,800.00. Following the completion of the purchase, the director now directly owns 13,869 shares in the company, valued at $152,004.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Louis A. Waters bought 17,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average cost of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the purchase, the director now owns 160,580 shares of the company’s stock, valued at $1,830,612. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 36,000 shares of company stock valued at $408,130. Company insiders own 4.10% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. UBS Group AG increased its stake 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. State of Alaska Department of Revenue increased its stake in shares of 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 during the period. Mason Street Advisors LLC increased its stake 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. Municipal Employees Retirement System of Michigan increased its stake in shares of Team by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock worth $163,000 after buying an additional 300 shares during the period. Finally, Blair William & Co. IL purchased a new position in shares of Team in the first quarter worth $245,000. 96.87% of the stock is currently owned by institutional investors.

Shares of Team (NYSE TISI) opened at 12.60 on Friday. The firm has a 50-day moving average of $12.95 and a 200-day moving average of $20.14. Team has a 12-month low of $10.45 and a 12-month high of $39.70. The company’s market cap is $375.97 million.

Team (NYSE:TISI) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.54). The firm had revenue of $312.26 million for the quarter, compared to analysts’ expectations of $309.60 million. Team had a negative net margin of 2.83% and a negative return on equity of 2.22%. Analysts predict that Team will post ($0.52) EPS for the current year.

WARNING: This story was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was illegally copied and reposted in violation of U.S. and international copyright laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2017/10/14/team-inc-tisi-given-consensus-rating-of-hold-by-analysts.html.

About Team

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.

Receive News & Ratings for Team Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team Inc. and related companies with MarketBeat.com's FREE daily email newsletter.