Comfort Systems USA (NYSE:FIX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Wednesday, December 27th. The firm presently has a $50.00 price target on the construction company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.38% from the company’s previous close.
According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. The Company operates primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities. Comfort Systems USA merged with the best regional experts, and now provides nationwide reach through 36 subsidiary companies that are prepared to build, service or retrofit any mechanical, HVAC or electrical system. Whether the project is Design-Build or Plan and Spec, Comfort Systems USA can help from the design phase to construction with qualified professionals, quality products and an experienced contractor team. “
Several other analysts also recently issued reports on the stock. Gilford Securities downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Guggenheim downgraded shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Finally, DA Davidson lifted their price objective on shares of Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Six analysts have rated the stock with a hold rating, Comfort Systems USA presently has a consensus rating of “Hold” and a consensus target price of $58.67.
Shares of Comfort Systems USA (NYSE:FIX) opened at $44.10 on Wednesday. The company has a market cap of $1,640.00, a P/E ratio of 25.79, a PEG ratio of 2.04 and a beta of 1.28. Comfort Systems USA has a 52-week low of $31.90 and a 52-week high of $44.80. The company has a current ratio of 1.33, a quick ratio of 1.30 and a debt-to-equity ratio of 0.20.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.57 by $0.02. Comfort Systems USA had a net margin of 3.76% and a return on equity of 16.49%. The company had revenue of $480.85 million during the quarter, compared to the consensus estimate of $469.53 million. During the same quarter last year, the firm posted $0.54 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. research analysts expect that Comfort Systems USA will post 1.78 earnings per share for the current year.
In other news, VP T Mckenna Trent sold 15,179 shares of Comfort Systems USA stock in a transaction on Monday, November 27th. The stock was sold at an average price of $41.85, for a total transaction of $635,241.15. Following the sale, the vice president now directly owns 45,839 shares in the company, valued at approximately $1,918,362.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian E. Lane sold 19,389 shares of Comfort Systems USA stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $42.35, for a total value of $821,124.15. Following the sale, the insider now owns 203,021 shares in the company, valued at $8,597,939.35. The disclosure for this sale can be found here. Insiders have sold a total of 70,473 shares of company stock worth $2,986,454 over the last ninety days. Insiders own 3.48% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Comfort Systems USA by 956.7% in the 2nd quarter. Sei Investments Co. now owns 15,164 shares of the construction company’s stock valued at $562,000 after acquiring an additional 13,729 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Comfort Systems USA by 3.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 232,577 shares of the construction company’s stock valued at $8,629,000 after acquiring an additional 8,704 shares during the period. SG Americas Securities LLC bought a new stake in Comfort Systems USA in the 2nd quarter valued at about $221,000. Bank of New York Mellon Corp raised its stake in Comfort Systems USA by 25.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,257,421 shares of the construction company’s stock valued at $46,650,000 after acquiring an additional 253,377 shares during the period. Finally, Legal & General Group Plc raised its stake in Comfort Systems USA by 8.7% in the 2nd quarter. Legal & General Group Plc now owns 73,488 shares of the construction company’s stock valued at $2,726,000 after acquiring an additional 5,867 shares during the period. Institutional investors own 92.22% of the company’s stock.
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Comfort Systems USA Company Profile
Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.
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