Shares of Team, Inc. (NYSE:TISI) have been assigned an average rating of “Buy” from the seven analysts that are presently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $26.00.
Several analysts have recently issued reports on TISI shares. ValuEngine raised Team from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Zacks Investment Research cut Team from a “hold” rating to a “strong sell” rating in a report on Friday, May 11th. Finally, KeyCorp upped their price objective on Team from $22.00 to $24.00 and gave the stock an “overweight” rating in a report on Friday, June 29th.
Large investors have recently added to or reduced their stakes in the stock. Barclays PLC raised its holdings in Team by 98.9% during the 1st quarter. Barclays PLC now owns 9,235 shares of the business services provider’s stock valued at $127,000 after buying an additional 4,592 shares during the period. FDx Advisors Inc. purchased a new stake in Team during the 1st quarter valued at $139,000. Advisors Preferred LLC purchased a new stake in Team during the 2nd quarter valued at $141,000. Koch Industries Inc. purchased a new stake in Team during the 1st quarter valued at $152,000. Finally, Bbva Compass Bancshares Inc. purchased a new stake in Team during the 1st quarter valued at $156,000.
Shares of TISI traded down $0.25 during mid-day trading on Tuesday, hitting $22.80. 1,327 shares of the stock were exchanged, compared to its average volume of 369,058. The stock has a market capitalization of $699.50 million, a price-to-earnings ratio of -53.69 and a beta of 1.75. Team has a 52-week low of $11.45 and a 52-week high of $25.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.86 and a quick ratio of 2.50.
Team (NYSE:TISI) last issued its quarterly earnings data on Tuesday, August 7th. The business services provider reported ($0.19) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.14). The firm had revenue of $343.89 million for the quarter, compared to analysts’ expectations of $337.70 million. Team had a negative return on equity of 4.72% and a negative net margin of 10.73%. sell-side analysts expect that Team will post -1.06 earnings per share for the current year.
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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