Comfort Systems USA (NYSE:FIX) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Comfort Systems USA (NYSE:FIX - Get Free Report) had its target price lifted by analysts at Stifel Nicolaus from $471.00 to $512.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "buy" rating on the construction company's stock. Stifel Nicolaus' price objective indicates a potential upside of 9.15% from the company's current price.

Several other equities analysts have also recently weighed in on the company. DA Davidson raised their price target on Comfort Systems USA from $440.00 to $465.00 and gave the company a "buy" rating in a report on Monday, April 28th. Wall Street Zen downgraded Comfort Systems USA from a "buy" rating to a "hold" rating in a research report on Thursday, April 17th. Finally, Sidoti upgraded shares of Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price target on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Comfort Systems USA presently has a consensus rating of "Moderate Buy" and a consensus price target of $525.80.

Comfort Systems USA Price Performance

Shares of NYSE:FIX traded up $6.86 during midday trading on Friday, reaching $469.10. 40,008 shares of the company were exchanged, compared to its average volume of 437,196. The stock has a market cap of $16.55 billion, a PE ratio of 32.09 and a beta of 1.48. The business's fifty day moving average is $381.25 and its two-hundred day moving average is $417.08. Comfort Systems USA has a one year low of $272.93 and a one year high of $553.09. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The construction company reported $4.75 EPS for the quarter, topping the consensus estimate of $3.66 by $1.09. The business had revenue of $1.83 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The business's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.69 EPS. As a group, analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current year.

Insider Activity

In other news, insider Brian E. Lane sold 15,000 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $431.66, for a total value of $6,474,900.00. Following the completion of the sale, the insider now owns 198,046 shares in the company, valued at approximately $85,488,536.36. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 3,000 shares of the stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $431.66, for a total transaction of $1,294,980.00. Following the completion of the sale, the director now directly owns 34,193 shares in the company, valued at $14,759,750.38. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 32,800 shares of company stock valued at $14,642,235 in the last ninety days. Insiders own 1.59% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds and other institutional investors have recently modified their holdings of the business. Jones Financial Companies Lllp grew its position in Comfort Systems USA by 2,872,410.3% in the 1st quarter. Jones Financial Companies Lllp now owns 833,028 shares of the construction company's stock valued at $268,510,000 after acquiring an additional 832,999 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $217,771,000. Norges Bank purchased a new stake in shares of Comfort Systems USA during the fourth quarter valued at $196,154,000. AQR Capital Management LLC grew its holdings in shares of Comfort Systems USA by 106.4% in the first quarter. AQR Capital Management LLC now owns 530,428 shares of the construction company's stock worth $165,228,000 after purchasing an additional 273,453 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Comfort Systems USA by 39,575.2% in the 1st quarter. GAMMA Investing LLC now owns 254,318 shares of the construction company's stock worth $81,974,000 after buying an additional 253,677 shares during the period. 96.51% of the stock is currently owned by hedge funds and other institutional investors.

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.

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