Comfort Systems USA (NYSE:FIX) Stock Rating Upgraded by Zacks Research

by · The Cerbat Gem

Comfort Systems USA (NYSE:FIX – Get Free Report) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also weighed in on FIX. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Wall Street Zen lowered Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research report on Sunday, May 10th. KeyCorp raised Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target for the company in a research report on Friday, April 24th. DA Davidson boosted their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. Finally, Stifel Nicolaus boosted their price target on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $1,923.20.

Get Our Latest Analysis on FIX

Comfort Systems USA Trading Up 3.2%

Shares of NYSE FIX opened at $1,886.97 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $1,666.57 and a two-hundred day simple moving average of $1,306.05. The firm has a market cap of $66.42 billion, a PE ratio of 54.44 and a beta of 1.70. Comfort Systems USA has a twelve month low of $465.05 and a twelve month high of $2,073.99.

Comfort Systems USA (NYSE:FIX – Get Free Report) last issued its earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.Comfort Systems USA’s revenue was up 56.5% on a year-over-year basis. During the same period in the previous year, the company posted $4.75 EPS. Analysts expect that Comfort Systems USA will post 43.17 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO William George III sold 4,000 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total transaction of $7,792,680.00. Following the transaction, the chief financial officer directly owned 33,804 shares in the company, valued at $65,855,938.68. The trade was a 10.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Sandbrook sold 1,500 shares of the business’s stock in a transaction on Wednesday, April 29th. The stock was sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the transaction, the director owned 7,666 shares in the company, valued at approximately $13,282,648.22. This trade represents a 16.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 29,352 shares of company stock worth $53,724,598 over the last quarter. Company insiders own 1.24% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIX. Ameriflex Group Inc. grew its stake in Comfort Systems USA by 100.0% during the 3rd 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 purchased a new position in Comfort Systems USA during the 4th quarter worth $28,000. Kemnay Advisory Services Inc. purchased a new position in Comfort Systems USA during the 4th quarter worth $33,000. Farmers & Merchants Investments Inc. grew its stake in Comfort Systems USA by 29.0% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 40 shares of the construction company’s stock valued at $37,000 after purchasing an additional 9 shares during the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Comfort Systems USA by 29.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 44 shares of the construction company’s stock valued at $41,000 after purchasing an additional 10 shares during the last quarter. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

Comfort Systems USA Company Profile

(Get Free Report)

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.

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