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

Team, Inc. (NYSE:TISI) has been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $19.00.

A number of equities research analysts have commented on TISI shares. Johnson Rice raised Team from a “hold” rating to an “accumulate” rating in a research note on Wednesday, November 8th. Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, BidaskClub raised Team from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th.

Shares of Team (NYSE:TISI) opened at $13.75 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.68 and a quick ratio of 2.32. Team has a one year low of $10.45 and a one year high of $39.70.

In other news, insider Greg L. Boane acquired 2,890 shares of Team stock in a transaction on Thursday, November 9th. The stock was purchased at an average price of $13.78 per share, with a total value of $39,824.20. Following the completion of the purchase, the insider now owns 8,447 shares of the company’s stock, valued at approximately $116,399.66. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.10% of the company’s stock.

Several large investors have recently made changes to their positions in TISI. Gamco Investors INC. ET AL boosted its position in shares of Team by 297.0% during the third quarter. Gamco Investors INC. ET AL now owns 1,833,012 shares of the business services provider’s stock valued at $24,471,000 after buying an additional 1,371,354 shares during the last quarter. Boston Partners boosted its position in shares of Team by 280.7% during the third quarter. Boston Partners now owns 988,592 shares of the business services provider’s stock valued at $13,198,000 after buying an additional 728,889 shares during the last quarter. Chartwell Investment Partners LLC boosted its position in shares of Team by 167.3% during the second quarter. Chartwell Investment Partners LLC now owns 872,050 shares of the business services provider’s stock valued at $20,450,000 after buying an additional 545,805 shares during the last quarter. Engine Capital Management LLC boosted its position in shares of Team by 44,852.4% during the third quarter. Engine Capital Management LLC now owns 429,745 shares of the business services provider’s stock valued at $5,737,000 after buying an additional 428,789 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Team by 24.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,899,990 shares of the business services provider’s stock valued at $44,555,000 after buying an additional 378,375 shares during the last quarter. 96.90% of the stock is currently owned by institutional investors.

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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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