Comfort Systems USA, Inc. (FIX) Given Average Recommendation of “Hold” by Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have received an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $63.00.

A number of research firms recently issued reports on FIX. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. Guggenheim lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Friday, November 10th. DA Davidson lifted their target price on Comfort Systems USA to $43.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, Gilford Securities lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Friday, November 10th.

In other Comfort Systems USA news, insider Julie Shaeff sold 15,905 shares of the firm’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $42.65, for a total value of $678,348.25. Following the sale, the insider now directly owns 35,472 shares in the company, valued at $1,512,880.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP T Mckenna Trent sold 15,179 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $41.85, for a total value of $635,241.15. Following the completion of the sale, the vice president now owns 45,839 shares in the company, valued at $1,918,362.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,473 shares of company stock worth $2,986,454. 3.48% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its stake in Comfort Systems USA by 0.3% in the second quarter. The Manufacturers Life Insurance Company now owns 28,974 shares of the construction company’s stock valued at $1,075,000 after buying an additional 89 shares in the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Comfort Systems USA by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock worth $101,000 after purchasing an additional 173 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Comfort Systems USA by 11.5% during the second quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock worth $195,000 after purchasing an additional 542 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Comfort Systems USA by 1.8% during the second quarter. California Public Employees Retirement System now owns 34,000 shares of the construction company’s stock worth $1,261,000 after purchasing an additional 600 shares in the last quarter. Finally, Advisor Group Inc. increased its position in shares of Comfort Systems USA by 27.2% during the second quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock worth $122,000 after purchasing an additional 706 shares in the last quarter. Institutional investors own 92.22% of the company’s stock.

Comfort Systems USA (NYSE FIX) traded up $1.35 during trading hours on Friday, reaching $43.70. The company had a trading volume of 230,900 shares, compared to its average volume of 169,675. The stock has a market capitalization of $1,570.00, a price-to-earnings ratio of 25.56, a PEG ratio of 1.97 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 debt-to-equity ratio of 0.20, a quick ratio of 1.30 and a current ratio of 1.33.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 26th. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The firm had revenue of $480.85 million during the quarter, compared to analyst estimates of $469.53 million. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. Comfort Systems USA’s revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business posted $0.54 earnings per share. equities analysts anticipate that Comfort Systems USA will post 1.78 earnings per share for the current fiscal year.

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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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