Comfort Systems USA (NYSE:FIX) Price Target Raised to $577.00

Comfort Systems USA (NYSE:FIX) had its price objective raised by Stifel Nicolaus from $524.00 to $577.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

Several other research analysts also recently weighed in on FIX. StockNews.com downgraded Comfort Systems USA from a “buy” rating to a “hold” rating in a research note on Thursday, January 9th. UBS Group raised their target price on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research note on Monday, December 9th. Finally, Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Comfort Systems USA currently has an average rating of “Moderate Buy” and an average price target of $506.75.

Comfort Systems USA Stock Performance

Shares of NYSE FIX opened at $544.23 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA has a 1 year low of $201.61 and a 1 year high of $553.09. The firm has a fifty day moving average price of $470.89 and a 200-day moving average price of $400.62. The stock has a market cap of $19.37 billion, a PE ratio of 41.64 and a beta of 1.23.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Thursday, October 24th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.97 by $0.12. Comfort Systems USA had a return on equity of 32.74% and a net margin of 7.18%. The business had revenue of $1.81 billion for the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $2.74 earnings per share. The business’s quarterly revenue was up 31.5% on a year-over-year basis. Equities analysts anticipate that Comfort Systems USA will post 13.95 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Comfort Systems USA news, insider Brian E. Lane sold 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $448.88, for a total transaction of $6,733,200.00. Following the sale, the insider now directly owns 204,205 shares in the company, valued at $91,663,540.40. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Franklin Myers sold 12,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $390.18, for a total value of $4,682,160.00. Following the completion of the sale, the chairman now directly owns 106,498 shares of the company’s stock, valued at $41,553,389.64. The trade was a 10.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 33,500 shares of company stock worth $14,378,250. Insiders own 1.80% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Hollencrest Capital Management bought a new position in Comfort Systems USA during the 3rd quarter valued at about $28,000. Harbor Investment Advisory LLC grew its stake in shares of Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after buying an additional 55 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Comfort Systems USA in the third quarter worth approximately $38,000. V Square Quantitative Management LLC lifted its stake in shares of Comfort Systems USA by 59.5% during the 3rd quarter. V Square Quantitative Management LLC now owns 126 shares of the construction company’s stock worth $49,000 after acquiring an additional 47 shares during the last quarter. Finally, True Wealth Design LLC purchased a new position in Comfort Systems USA during the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.