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

A number of other research analysts also recently issued reports on TISI. ValuEngine upgraded shares of Team from a “buy” rating to a “strong-buy” rating in a research report on Thursday, November 1st. Johnson Rice downgraded 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. 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 report on Friday, August 10th. 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 given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $26.50.

Shares of NYSE TISI traded up $0.66 during midday trading on Friday, reaching $20.38. The stock had a trading volume of 1,542,147 shares, compared to its average volume of 284,517. The company has a market capitalization of $637.36 million, a P/E ratio of -48.52 and a beta of 1.81. Team has a twelve month low of $12.60 and a twelve month 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.

Team (NYSE:TISI) last issued its quarterly earnings results on Monday, November 5th. The business services provider reported ($0.56) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.25). The firm had revenue of $290.86 million during the quarter, compared to analyst estimates of $307.10 million. Team had a negative return on equity of 5.97% and a negative net margin of 5.84%. Analysts forecast that Team will post -1.06 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. lifted its position in shares of 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 acquiring an additional 2,570 shares during the period. US Bancorp DE lifted its position in shares of 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 acquiring an additional 2,679 shares during the period. Rhumbline Advisers lifted its position in shares of Team by 3.9% during the 2nd quarter. Rhumbline Advisers now owns 72,134 shares of the business services provider’s stock valued at $1,666,000 after acquiring an additional 2,687 shares during the period. Bank of New York Mellon Corp increased its stake in Team by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 336,526 shares of the business services provider’s stock valued at $7,773,000 after purchasing an additional 2,905 shares in the last quarter. Finally, Global X Management Co LLC increased its stake in Team by 18.9% during the 2nd quarter. Global X Management Co LLC now owns 19,463 shares of the business services provider’s stock valued at $450,000 after purchasing an additional 3,100 shares in the last quarter.

About Team

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.

See Also: Technical Analysis of Stocks, How Can It Help

Get a free copy of the Zacks research report on Team (TISI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Team Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team and related companies with MarketBeat.com's FREE daily email newsletter.