Johnson Rice Decides to Give Team (NYSE:TISI) a Lower Rating. The Target is Now $25

November 9, 2018 - By Adrian Mccoy

Investors sentiment decreased to 1.12 in 2018 Q2. Its down 0.42, from 1.54 in 2018Q1. It worsened, as 12 investors sold Team, Inc. shares while 46 reduced holdings. 20 funds opened positions while 45 raised stakes. 35.06 million shares or 2.68% less from 36.02 million shares in 2018Q1 were reported.

Massmutual Tru Communications Fsb Adv accumulated 357 shares. Eagle Asset holds 0.01% in Team, Inc. (NYSE:TISI) or 101,702 shares. 77,186 were accumulated by Morgan Stanley. Ny State Common Retirement Fund owns 92,603 shares. Int Grp Inc Inc Inc reported 22,847 shares. Pinebridge Lp invested in 0.03% or 47,712 shares. Eagle Boston Invest reported 571,573 shares or 1.22% of all its holdings. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Team, Inc. (NYSE:TISI) for 1,573 shares. Invesco Limited holds 0.02% in Team, Inc. (NYSE:TISI) or 2.18M shares. Manufacturers Life Insurance Com The invested in 0% or 22,624 shares. Geode Cap Mngmt Lc, Massachusetts-based fund reported 278,504 shares. Vanguard Grp Inc has 0% invested in Team, Inc. (NYSE:TISI). Deutsche National Bank & Trust Ag holds 50,104 shares. Federated Incorporated Pa holds 0% of its portfolio in Team, Inc. (NYSE:TISI) for 30 shares. Clearbridge Invests Lc owns 64 shares.

Team (NYSE:TISI) Receives a Downgrade

New York-listed Team (NYSE:TISI), was decreased by research professionals at Johnson Rice. They decreased their rating on the $592.03 million market cap company to a “Accumulate” from their past “Buy” rating, but decided to keep their target of $25 on TISI.

The stock decreased 7.11% or $1.51 during the last trading session, reaching $19.72. About 706,127 shares traded or 125.99% up from the average. Team, Inc. (NYSE:TISI) has risen 64.59% since November 9, 2017 and is uptrending. It has outperformed by 48.97% the S&P500.

Team, Inc. provides specialty industrial services in the United States, Canada, Europe, and internationally. The company has market cap of $592.03 million. The firm operates through three divisions: TeamQualspec Group , TeamFurmanite Group (TeamFurmanite), and Quest Integrity. It currently has negative earnings. 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.

More recent Team, Inc. (NYSE:TISI) news were published by: Globenewswire.com which released: “Team, Inc. Reports Third Quarter 2018 Results” on November 05, 2018. Also Nasdaq.com published the news titled: “Team Inc (TISI) Q3 2018 Earnings Conference Call Transcript” on November 06, 2018. Streetinsider.com‘s news article titled: “Johnson Rice Downgrades TEAM, Inc. (TISI) to Accumulate” with publication date: November 08, 2018 was also an interesting one.

Team, Inc. (NYSE:TISI) Institutional Positions Chart

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