ValuEngine downgraded shares of Team (NYSE:TISI) from a buy rating to a hold rating in a research note published on Monday, February 4th.
TISI has been the subject of several other research reports. Johnson Rice lowered shares of Team from a buy rating to an accumulate rating and dropped their price target for the stock from $26.00 to $25.00 in a research report on Thursday, November 8th. KeyCorp set a $23.00 price objective on shares of Team and gave the stock a buy rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research raised shares of Team from a sell rating to a hold rating in a research report on Saturday, January 5th. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $24.00.
Shares of NYSE TISI traded up $0.28 on Monday, hitting $15.90. The company’s stock had a trading volume of 153,343 shares, compared to its average volume of 261,508. Team has a 12-month low of $12.85 and a 12-month high of $25.55. The company has a market capitalization of $478.11 million, a PE ratio of -37.86 and a beta of 1.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.61 and a quick ratio of 2.27.
In other Team news, VP Andre C. Bouchard sold 2,911 shares of the stock in a transaction on Friday, December 7th. The shares were sold at an average price of $17.00, for a total transaction of $49,487.00. Following the transaction, the vice president now directly owns 33,722 shares in the company, valued at approximately $573,274. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 7.70% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Texas Permanent School Fund increased its holdings in shares of Team by 4.2% in the 4th quarter. Texas Permanent School Fund now owns 19,679 shares of the business services provider’s stock worth $288,000 after acquiring an additional 789 shares during the period. PNC Financial Services Group Inc. increased its stake in Team by 18.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,120 shares of the business services provider’s stock valued at $119,000 after buying an additional 1,238 shares during the period. Principal Financial Group Inc. increased its stake in Team by 0.7% during the 4th quarter. Principal Financial Group Inc. now owns 244,151 shares of the business services provider’s stock valued at $3,577,000 after buying an additional 1,742 shares during the period. Alliancebernstein L.P. increased its stake in Team by 9.3% during the 3rd quarter. Alliancebernstein L.P. now owns 30,250 shares of the business services provider’s stock valued at $681,000 after buying an additional 2,570 shares during the period. Finally, US Bancorp DE increased its stake in Team by 32.4% during the 3rd quarter. US Bancorp DE now owns 10,935 shares of the business services provider’s stock valued at $247,000 after buying an additional 2,679 shares during the period.
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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