Team, Inc. (NYSE:TISI) has earned a consensus recommendation of “Buy” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $26.00.
A number of brokerages have recently commented on TISI. Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 10th. ValuEngine upgraded shares of Team from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. Finally, KeyCorp boosted their price target on shares of Team from $24.00 to $28.00 and gave the stock an “overweight” rating in a research note on Friday, August 10th.
Several institutional investors have recently modified their holdings of the company. Congress Asset Management Co. MA increased its stake in shares of Team by 10.5% during the third quarter. Congress Asset Management Co. MA now owns 121,022 shares of the business services provider’s stock worth $2,723,000 after acquiring an additional 11,480 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Team by 0.9% during the second quarter. Bank of New York Mellon Corp now owns 336,526 shares of the business services provider’s stock worth $7,773,000 after acquiring an additional 2,905 shares during the period. WINTON GROUP Ltd increased its stake in shares of Team by 57.9% during the second quarter. WINTON GROUP Ltd now owns 534,178 shares of the business services provider’s stock worth $12,340,000 after acquiring an additional 195,925 shares during the period. Global X Management Co LLC increased its stake in shares of Team by 18.9% during the second quarter. Global X Management Co LLC now owns 19,463 shares of the business services provider’s stock worth $450,000 after acquiring an additional 3,100 shares during the period. Finally, Nantahala Capital Management LLC acquired a new position in shares of Team during the second quarter worth about $1,395,000.
Team (NYSE:TISI) last announced its earnings results on Tuesday, August 7th. The business services provider reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.14). Team had a negative net margin of 10.73% and a negative return on equity of 4.72%. The business had revenue of $343.89 million during the quarter, compared to analysts’ expectations of $337.70 million. As a group, research analysts forecast that Team will post -1.06 EPS for the current fiscal 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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