Team, Inc. (TISI) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Team, Inc. (NYSE:TISI) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $26.50.

A number of equities analysts have recently commented on TISI shares. KeyCorp lifted their price target on shares of Team from $24.00 to $28.00 and gave the stock an “overweight” rating in a report on Friday, August 10th. ValuEngine lowered shares of Team from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 11th. Johnson Rice lowered shares of Team from a “buy” rating to an “accumulate” rating and cut their price target for the stock from $26.00 to $25.00 in a report on Thursday, November 8th. Finally, Zacks Investment Research lowered shares of Team from a “hold” rating to a “sell” rating in a report on Saturday, November 10th.

Shares of NYSE:TISI traded down $0.20 during mid-day trading on Friday, reaching $17.13. 75,340 shares of the company’s stock were exchanged, compared to its average volume of 398,227. The firm has a market cap of $515.15 million, a PE ratio of -40.79 and a beta of 1.81. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.27 and a current ratio of 2.61. Team has a twelve month low of $12.85 and a twelve month high of $25.55.

Team (NYSE:TISI) last issued its quarterly earnings results on Monday, November 5th. The business services provider reported ($0.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.25). The business had revenue of $290.86 million for the quarter, compared to analyst estimates of $307.10 million. Team had a negative return on equity of 5.97% and a negative net margin of 5.84%. Sell-side analysts forecast that Team will post -1.4 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its holdings in Team by 2.8% in the third quarter. BlackRock Inc. now owns 4,269,648 shares of the business services provider’s stock valued at $96,067,000 after buying an additional 114,747 shares during the period. Vanguard Group Inc. lifted its holdings in Team by 4.0% in the third quarter. Vanguard Group Inc. now owns 2,955,740 shares of the business services provider’s stock valued at $66,503,000 after buying an additional 113,382 shares during the period. Franklin Resources Inc. lifted its holdings in Team by 158.2% in the third quarter. Franklin Resources Inc. now owns 1,721,300 shares of the business services provider’s stock valued at $38,729,000 after buying an additional 1,054,700 shares during the period. Victory Capital Management Inc. lifted its holdings in Team by 7.8% in the second quarter. Victory Capital Management Inc. now owns 1,440,426 shares of the business services provider’s stock valued at $33,273,000 after buying an additional 104,726 shares during the period. Finally, Royce & Associates LP lifted its holdings in Team by 7.5% in the third quarter. Royce & Associates LP now owns 1,227,251 shares of the business services provider’s stock valued at $27,613,000 after buying an additional 86,000 shares during the period.

Team Company Profile

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. The company operates through three segments: TeamQualspec Group (TeamQualspec), TeamFurmanite Group (TeamFurmanite), and Quest Integrity. The TeamQualspec segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, eddy current testing, and alternating current field measurement services.

Read More: What is the quiet period?

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

Leave a Reply