Zacks Investment Research upgraded shares of Team (NYSE:TISI) from a hold rating to a buy rating in a research note issued to investors on Thursday. They currently have $19.00 price target on the business services provider’s stock.
According to Zacks, “Team, Inc. is a professional, full-service provider of specialty industrial services. Team’s current industrial service offering encompasses on-stream leak repair, hot tapping, fugitive emissions monitoring, field machining, technical bolting, field valve repair, NDE inspection and field heat treating. All these services are required in maintaining high temperature, high pressure piping systems and vessels utilized extensively in the refining, petrochemical, power, pipeline, and other heavy industries. Team’s inspection services also serve the aerospace and automotive industries. “
TISI has been the subject of several other reports. KeyCorp set a $23.00 price objective on Team and gave the stock a buy rating in a research report on Tuesday, January 29th. ValuEngine downgraded Team from a buy rating to a hold rating in a research report on Monday, February 4th.
Shares of TISI stock opened at $18.42 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.61 and a quick ratio of 2.27. Team has a 52 week low of $12.85 and a 52 week high of $25.55. The company has a market capitalization of $553.95 million, a price-to-earnings ratio of -23.62 and a beta of 1.59.
Team (NYSE:TISI) last issued its earnings results on Tuesday, March 12th. The business services provider reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.62. The company had revenue of $309.80 million during the quarter, compared to the consensus estimate of $316.80 million. Team had a negative return on equity of 5.20% and a negative net margin of 5.20%. On average, analysts predict that Team will post 0.34 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. boosted its position in shares of Team by 18.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,120 shares of the business services provider’s stock worth $119,000 after buying an additional 1,238 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Team during the fourth quarter worth approximately $127,000. Metropolitan Life Insurance Co. NY boosted its position in shares of Team by 366.1% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 9,952 shares of the business services provider’s stock worth $146,000 after buying an additional 7,817 shares during the period. Delta Investment Management LLC acquired a new position in shares of Team during the fourth quarter worth approximately $157,000. Finally, Oregon Public Employees Retirement Fund acquired a new position in shares of Team during the fourth quarter worth approximately $168,000.
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.
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