Comfort Systems USA (NYSE:FIX) Raised to "Buy" at Wall Street Zen

Key Points

• Comfort Systems USA has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, with six analysts now rating the stock as a buy.
• The stock's target prices have been significantly increased, with estimates now ranging from $581.00 to $710.00, reflecting a consensus target of $599.60.
• In its latest earnings report, Comfort Systems USA surpassed expectations, with an EPS of $6.53 and revenue of $2.17 billion, showcasing a year-over-year revenue increase of 20.1%.

Comfort Systems USA (NYSE:FIX - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

A number of other research analysts have also weighed in on the company. UBS Group upped their price objective on Comfort Systems USA from $545.00 to $710.00 and gave the stock a "buy" rating in a report on Friday. Stifel Nicolaus boosted their target price on shares of Comfort Systems USA from $512.00 to $581.00 and gave the stock a "buy" rating in a research report on Friday, July 11th. Finally, DA Davidson upped their target price on shares of Comfort Systems USA from $465.00 to $630.00 and gave the stock a "buy" rating in a research report on Monday, June 30th. Six research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $599.60.

Comfort Systems USA Stock Performance

FIX traded up $126.61 during trading on Friday, hitting $689.44. The stock had a trading volume of 1,254,076 shares, compared to its average volume of 314,589. The firm has a market capitalization of $24.32 billion, a P/E ratio of 35.43 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.05 and a current ratio of 1.08. Comfort Systems USA has a twelve month low of $272.92 and a twelve month high of $699.39. The company's 50-day moving average price is $514.64 and its 200 day moving average price is $435.87.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, beating analysts' consensus estimates of $4.84 by $1.69. Comfort Systems USA had a net margin of 9.01% and a return on equity of 40.97%. The firm had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter last year, the firm earned $3.74 earnings per share. The firm's revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts forecast that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the company's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total value of $6,474,900.00. Following the sale, the insider directly owned 198,046 shares in the company, valued at $85,488,536.36. This represents a 7.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Pablo G. Mercado sold 1,800 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.10, for a total transaction of $784,980.00. Following the completion of the transaction, the director owned 7,236 shares in the company, valued at approximately $3,155,619.60. This trade represents a 19.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock worth $18,696,795 in the last quarter. 1.59% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors and hedge funds have recently modified their holdings of the company. NorthRock Partners LLC purchased a new position in shares of Comfort Systems USA during the second quarter valued at approximately $303,000. Verdence Capital Advisors LLC lifted its stake in shares of Comfort Systems USA by 4.9% during the second quarter. Verdence Capital Advisors LLC now owns 1,114 shares of the construction company's stock valued at $597,000 after buying an additional 52 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Comfort Systems USA by 18.2% during the second quarter. Sequoia Financial Advisors LLC now owns 1,691 shares of the construction company's stock valued at $907,000 after buying an additional 260 shares during the period. Vest Financial LLC increased its position in Comfort Systems USA by 18.1% during the second quarter. Vest Financial LLC now owns 10,276 shares of the construction company's stock worth $5,510,000 after purchasing an additional 1,575 shares during the last quarter. Finally, MGO One Seven LLC boosted its holdings in shares of Comfort Systems USA by 49.0% in the 2nd quarter. MGO One Seven LLC now owns 1,472 shares of the construction company's stock valued at $789,000 after purchasing an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 96.51% of the company's stock.

About Comfort Systems USA

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.