Team (NYSE:TISI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Saturday.

According to Zacks, “Team, Inc. is a professional, full-service provider of specialty industrial services. Team’s current industrial service offering encompasses on-stream leak repair, hot tapping, fugitive emissions monitoring, field machining, technical bolting, field valve repair, NDE inspection and field heat treating. All these services are required in maintaining high temperature, high pressure piping systems and vessels utilized extensively in the refining, petrochemical, power, pipeline, and other heavy industries. Team’s inspection services also serve the aerospace and automotive industries. “

Several other research firms have also weighed in on TISI. KeyCorp raised their target price on Team from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, August 10th. ValuEngine upgraded Team from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 25th. Finally, Johnson Rice lowered Team from a “buy” rating to an “accumulate” rating and cut their target price for the company from $26.00 to $25.00 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $26.50.

NYSE TISI opened at $20.38 on Friday. Team has a fifty-two week low of $12.60 and a fifty-two week high of $25.55. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.50 and a current ratio of 2.61. The stock has a market cap of $592.03 million, a price-to-earnings ratio of -48.52 and a beta of 1.81.

Team (NYSE:TISI) last posted its earnings results on Monday, November 5th. The business services provider reported ($0.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.31) by ($0.25). Team had a negative net margin of 5.84% and a negative return on equity of 5.97%. The company had revenue of $290.86 million for the quarter, compared to the consensus estimate of $307.10 million. Analysts anticipate that Team will post -1.4 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in Team by 7.4% during the second quarter. BlackRock Inc. now owns 4,154,901 shares of the business services provider’s stock valued at $95,979,000 after buying an additional 286,802 shares in the last quarter. Eagle Boston Investment Management Inc. increased its stake in shares of Team by 10.7% in the second quarter. Eagle Boston Investment Management Inc. now owns 571,573 shares of the business services provider’s stock worth $13,203,000 after purchasing an additional 55,149 shares during the period. WINTON GROUP Ltd increased its stake in shares of Team by 57.9% in the second quarter. WINTON GROUP Ltd now owns 534,178 shares of the business services provider’s stock worth $12,340,000 after purchasing an additional 195,925 shares during the period. SG Americas Securities LLC bought a new position in shares of Team in the second quarter worth about $239,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Team by 14.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 344,380 shares of the business services provider’s stock worth $7,956,000 after purchasing an additional 44,433 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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