Comfort Systems USA (NYSE:FIX) Price Target Raised to $917.00

Key Points

• Comfort Systems USA's target price has been raised from $746.00 to $917.00 by Stifel Nicolaus, indicating a potential upside of 8.53% from its current price.
• Several analysts have rated Comfort Systems USA with a "Moderate Buy" consensus, with an average target price of $735.80.
• Insider trading activity includes significant sales, with Director Pablo G. Mercado and insider Brian E. Lane both reducing their positions in the company recently.

Comfort Systems USA (NYSE:FIX - Get Free Report) had its target price lifted by equities researchers at Stifel Nicolaus from $746.00 to $917.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Stifel Nicolaus' price target suggests a potential upside of 8.53% from the company's current price.

A number of other equities analysts also recently commented on FIX. UBS Group boosted their price objective on Comfort Systems USA from $710.00 to $875.00 and gave the stock a "buy" rating in a research report on Monday, September 15th. Northcoast Research cut shares of Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. William Blair began coverage on shares of Comfort Systems USA in a research note on Thursday, September 11th. They set an "outperform" rating for the company. DA Davidson upped their price objective on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Zacks Research cut Comfort Systems USA from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 26th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has a consensus rating of "Moderate Buy" and an average target price of $735.80.

Comfort Systems USA Trading Up 3.5%

Shares of NYSE:FIX traded up $28.88 during midday trading on Monday, reaching $844.95. 66,498 shares of the company's stock were exchanged, compared to its average volume of 450,525. The firm's 50 day simple moving average is $747.01 and its two-hundred day simple moving average is $565.87. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.13 and a quick ratio of 1.10. The stock has a market cap of $29.81 billion, a price-to-earnings ratio of 43.42 and a beta of 1.58. Comfort Systems USA has a fifty-two week low of $276.44 and a fifty-two week high of $861.77.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. As a group, sell-side analysts forecast that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Insider Activity

In other news, Director Pablo G. Mercado sold 1,078 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $695.88, for a total value of $750,158.64. Following the completion of the sale, the director directly owned 6,500 shares of the company's stock, valued at $4,523,220. This trade represents a 14.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian E. Lane sold 10,000 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $691.74, for a total value of $6,917,400.00. Following the completion of the sale, the insider directly owned 188,046 shares of the company's stock, valued at approximately $130,078,940.04. This trade represents a 5.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,783 shares of company stock valued at $18,710,798. 1.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FIX. Trust Point Inc. raised its holdings in shares of Comfort Systems USA by 7.2% in the third quarter. Trust Point Inc. now owns 1,078 shares of the construction company's stock worth $890,000 after acquiring an additional 72 shares during the last quarter. Cyndeo Wealth Partners LLC acquired a new position in Comfort Systems USA in the 3rd quarter valued at about $262,000. Toth Financial Advisory Corp acquired a new position in Comfort Systems USA in the 3rd quarter valued at about $25,000. Princeton Global Asset Management LLC raised its stake in Comfort Systems USA by 9.1% in the 3rd quarter. Princeton Global Asset Management LLC now owns 300 shares of the construction company's stock valued at $248,000 after purchasing an additional 25 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in Comfort Systems USA in the 3rd quarter valued at about $4,064,000. Institutional investors and hedge funds own 96.51% of the company's stock.

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.

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