Team, Inc. (TISI) Stock Rating Upgraded by BidaskClub

Team, Inc. (NYSE:TISI) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other equities analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of Team from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. TheStreet lowered shares of Team from a “c-” rating to a “d+” rating in a report on Tuesday, July 25th. Johnson Rice lowered shares of Team from a “buy” rating to a “hold” rating and dropped their target price for the company from $36.00 to $26.00 in a 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 report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.50.

Shares of Team (NYSE:TISI) opened at 12.60 on Friday. The company’s 50-day moving average price is $12.89 and its 200 day moving average price is $19.12. The firm’s market cap is $375.97 million. Team has a 52 week low of $10.45 and a 52 week high of $39.70.

Team (NYSE:TISI) last issued its quarterly earnings data on Monday, August 7th. The business services provider reported ($0.23) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.54). Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. The business had revenue of $312.26 million during the quarter, compared to the consensus estimate of $309.60 million. On average, equities analysts anticipate that Team will post ($0.52) earnings per share for the current year.

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In other news, Director Louis A. Waters bought 17,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the acquisition, the director now directly owns 160,580 shares in the company, valued at $1,830,612. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffery Gerald Davis bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 10th. The stock was purchased at an average price of $10.96 per share, for a total transaction of $54,800.00. Following the acquisition, the director now owns 13,869 shares of the company’s stock, valued at $152,004.24. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 36,000 shares of company stock worth $408,130. 4.10% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TISI. BlackRock Inc. raised its holdings in shares of Team by 121,178.7% during the first quarter. BlackRock Inc. now owns 3,643,211 shares of the business services provider’s stock valued at $98,549,000 after purchasing an additional 3,640,207 shares during the period. Chartwell Investment Partners LLC raised its holdings 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 purchasing an additional 545,805 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 378,375 shares during the period. Brandywine Global Investment Management LLC acquired a new position in shares of Team during the second quarter valued at about $7,830,000. Finally, Royce & Associates LP raised its holdings in shares of Team by 32.7% during the second quarter. Royce & Associates LP now owns 884,871 shares of the business services provider’s stock valued at $20,750,000 after purchasing an additional 218,220 shares during the period. Hedge funds and other institutional investors own 97.86% of the company’s stock.

About Team

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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