Team, Inc. (TISI) Given Consensus Rating of “Hold” by Analysts
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.
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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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