Team (NYSE:TISI) had its price target upped by analysts at KeyCorp from $22.00 to $24.00 in a report released on Friday. The brokerage currently has an “overweight” rating on the business services provider’s stock. KeyCorp’s price objective would indicate a potential upside of 7.87% from the stock’s current price.
TISI has been the topic of a number of other reports. Zacks Investment Research lowered shares of Team from a “hold” rating to a “strong sell” rating in a research note on Friday, May 11th. ValuEngine lowered shares of Team from a “sell” rating to a “strong sell” rating in a research note on Thursday, March 15th. Finally, TheStreet upgraded shares of Team from a “d” rating to a “c-” rating in a research note on Wednesday, March 14th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.33.
Team opened at $22.25 on Friday, MarketBeat.com reports. Team has a 1 year low of $10.45 and a 1 year high of $24.80. The company has a current ratio of 2.67, a quick ratio of 2.32 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $658.22 million, a P/E ratio of -52.98 and a beta of 1.67.
Team (NYSE:TISI) last posted its earnings results on Tuesday, May 8th. The business services provider reported ($0.58) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.47). Team had a negative net margin of 9.25% and a negative return on equity of 4.79%. The firm had revenue of $302.39 million during the quarter, compared to analyst estimates of $289.70 million. research analysts forecast that Team will post -0.83 EPS for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TISI. Schwab Charles Investment Management Inc. grew its position in Team by 22.4% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 274,204 shares of the business services provider’s stock worth $4,086,000 after purchasing an additional 50,169 shares during the last quarter. Aperio Group LLC acquired a new stake in Team in the 4th quarter worth $150,000. Teacher Retirement System of Texas acquired a new stake in Team in the 4th quarter worth $154,000. Wells Fargo & Company MN grew its position in Team by 422.6% in the 4th quarter. Wells Fargo & Company MN now owns 152,011 shares of the business services provider’s stock worth $2,265,000 after purchasing an additional 122,923 shares during the last quarter. Finally, State of Wisconsin Investment Board acquired a new stake in Team in the 4th quarter worth $1,490,000.
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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