Comfort Systems USA (NYSE:FIX) Price Target Raised to $1,819.00

Comfort Systems USA (NYSE:FIX) had its price target boosted by investment analysts at Stifel Nicolaus from $1,611.00 to $1,819.00 in a research note issued on Thursday. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 12.32% from the company’s current price.

A number of other research analysts have also recently weighed in on FIX. DA Davidson lifted their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. UBS Group reissued a “buy” rating and issued a $1,310.00 target price on shares of Comfort Systems USA in a research note on Monday, February 2nd. Wall Street Zen lowered shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Zacks Research upgraded shares of Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 24th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $1,643.00.

Comfort Systems USA Trading Down 1.8%

NYSE:FIX traded down $29.43 during trading hours on Thursday, reaching $1,619.54. 14,551 shares of the company were exchanged, compared to its average volume of 421,785. The firm has a market cap of $56.98 billion, a price-to-earnings ratio of 56.01 and a beta of 1.60. The stock has a 50 day simple moving average of $1,404.65 and a 200 day simple moving average of $1,120.04. Comfort Systems USA has a 52-week low of $321.95 and a 52-week high of $1,671.95. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, February 19th. The construction company reported $9.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.75 by $2.62. The firm had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.34 billion. Comfort Systems USA had a return on equity of 48.52% and a net margin of 11.23%.The firm’s quarterly revenue was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.09 earnings per share. As a group, analysts predict that Comfort Systems USA will post 16.85 EPS for the current year.

Insider Buying and Selling at Comfort Systems USA

In other Comfort Systems USA news, Director William J. Sandbrook sold 2,500 shares of the company’s stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $1,443.32, for a total value of $3,608,300.00. Following the completion of the transaction, the director directly owned 9,166 shares of the company’s stock, valued at $13,229,471.12. This represents a 21.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian E. Lane sold 9,365 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $1,453.12, for a total value of $13,608,468.80. Following the sale, the insider owned 171,523 shares of the company’s stock, valued at $249,243,501.76. This represents a 5.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 37,288 shares of company stock worth $53,677,038. 1.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Comfort Systems USA

A number of hedge funds have recently bought and sold shares of FIX. Toth Financial Advisory Corp acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at approximately $25,000. Quent Capital LLC bought a new stake in shares of Comfort Systems USA in the third quarter worth $25,000. Ameriflex Group Inc. increased its stake in shares of Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares during the last quarter. Core Wealth Advisors LLC bought a new stake in shares of Comfort Systems USA in the fourth quarter worth $28,000. Finally, Kemnay Advisory Services Inc. acquired a new stake in Comfort Systems USA in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.