Comfort Systems USA (NYSE:FIX) Price Target Raised to $1,155.00

Comfort Systems USA (NYSE:FIX) had its target price lifted by equities researchers at Stifel Nicolaus from $1,069.00 to $1,155.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 19.88% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, October 8th. William Blair began coverage on Comfort Systems USA in a research report on Thursday, September 11th. They set an “outperform” rating for the company. DA Davidson set a $810.00 price objective on Comfort Systems USA in a research report on Friday, October 24th. Wall Street Zen upgraded shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, UBS Group boosted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Comfort Systems USA has a consensus rating of “Buy” and a consensus target price of $914.25.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $5.02 during mid-day trading on Tuesday, reaching $963.46. The company’s stock had a trading volume of 152,688 shares, compared to its average volume of 458,708. The company has a market cap of $33.98 billion, a P/E ratio of 40.80 and a beta of 1.64. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.22. Comfort Systems USA has a 1-year low of $276.44 and a 1-year high of $1,036.67. The firm’s 50-day moving average is $926.75 and its two-hundred day moving average is $741.80.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The company had revenue of $713.90 million for the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. On average, research analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current year.

Insider Transactions at Comfort Systems USA

In related news, insider Brian E. Lane sold 7,158 shares of the business’s stock in a transaction on Monday, November 24th. The shares were sold at an average price of $947.98, for a total value of $6,785,640.84. Following the sale, the insider directly owned 180,888 shares of the company’s stock, valued at approximately $171,478,206.24. The trade was a 3.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers sold 5,000 shares of the stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $1,006.68, for a total value of $5,033,400.00. Following the transaction, the director owned 82,901 shares of the company’s stock, valued at approximately $83,454,778.68. This trade represents a 5.69% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 26,028 shares of company stock valued at $25,381,151. 1.59% of the stock is currently owned by insiders.

Institutional Trading of Comfort Systems USA

Institutional investors have recently modified their holdings of the company. Invesco Ltd. raised its position in Comfort Systems USA by 7.4% in the 3rd quarter. Invesco Ltd. now owns 1,064,560 shares of the construction company’s stock valued at $878,454,000 after buying an additional 73,727 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Comfort Systems USA by 5.3% in the second quarter. Westfield Capital Management Co. LP now owns 936,412 shares of the construction company’s stock valued at $502,113,000 after purchasing an additional 46,773 shares during the last quarter. AQR Capital Management LLC increased its stake in Comfort Systems USA by 6.8% in the 3rd quarter. AQR Capital Management LLC now owns 835,560 shares of the construction company’s stock valued at $678,475,000 after buying an additional 53,125 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Comfort Systems USA by 2,872,410.3% during the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company’s stock worth $268,510,000 after purchasing an additional 832,999 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Comfort Systems USA by 0.4% during the 2nd quarter. Geode Capital Management LLC now owns 821,897 shares of the construction company’s stock worth $440,764,000 after purchasing an additional 3,032 shares in the last quarter. 96.51% of the stock is currently owned by institutional investors.

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.