Comfort Systems USA (FIX) Upgraded by Zacks Investment Research to “Buy”

Comfort Systems USA (NYSE:FIX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued on Wednesday. The firm presently has a $50.00 target price on the construction company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 14.16% from the stock’s current price.

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. “

A number of other brokerages have also recently commented on FIX. Gilford Securities cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Guggenheim cut shares of Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Friday, November 10th. Finally, DA Davidson boosted their price objective on shares of Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Comfort Systems USA has a consensus rating of “Hold” and a consensus price target of $58.67.

Shares of Comfort Systems USA (NYSE FIX) traded down $0.10 during trading on Wednesday, reaching $43.80. 69,936 shares of the company were exchanged, compared to its average volume of 190,846. Comfort Systems USA has a one year low of $31.90 and a one year high of $44.80. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $1,645.05, a P/E ratio of 25.47, a P/E/G ratio of 2.48 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The business had revenue of $480.85 million during the quarter, compared to the consensus estimate of $469.53 million. Comfort Systems USA had a net margin of 4.63% and a return on equity of 22.10%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 EPS. analysts predict that Comfort Systems USA will post 1.78 EPS for the current year.

In other news, insider Julie Shaeff sold 15,905 shares of the company’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $42.65, for a total transaction of $678,348.25. Following the transaction, the insider now directly owns 35,472 shares of the company’s stock, valued at approximately $1,512,880.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Brian E. Lane sold 19,389 shares of the business’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $42.35, for a total transaction of $821,124.15. Following the completion of 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. Over the last ninety days, insiders have sold 70,473 shares of company stock worth $2,986,454. Corporate insiders own 3.48% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in FIX. Bank of New York Mellon Corp lifted its holdings in Comfort Systems USA by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,385,182 shares of the construction company’s stock valued at $49,450,000 after purchasing an additional 127,761 shares in the last quarter. FMR LLC lifted its holdings in Comfort Systems USA by 2,421.9% in the 2nd quarter. FMR LLC now owns 1,006,223 shares of the construction company’s stock valued at $37,331,000 after purchasing an additional 966,323 shares in the last quarter. Neumeier Poma Investment Counsel LLC lifted its holdings in Comfort Systems USA by 15.6% in the 3rd quarter. Neumeier Poma Investment Counsel LLC now owns 1,004,775 shares of the construction company’s stock valued at $35,870,000 after purchasing an additional 135,950 shares in the last quarter. State Street Corp lifted its holdings in Comfort Systems USA by 4.4% in the 2nd quarter. State Street Corp now owns 930,260 shares of the construction company’s stock valued at $34,517,000 after purchasing an additional 39,200 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Comfort Systems USA by 11.7% in the 2nd quarter. Renaissance Technologies LLC now owns 868,092 shares of the construction company’s stock valued at $32,206,000 after purchasing an additional 90,592 shares in the last quarter. Institutional investors and hedge funds own 92.22% of the company’s stock.

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About Comfort Systems USA

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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