Comfort Systems USA (NYSE:FIX) Rating Increased to Strong-Buy at Zacks Research

Key Points

• Comfort Systems USA has been upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating, reflecting increased analyst confidence in the stock.
• Multiple analysts have adjusted their price targets, with Stifel Nicolaus raising its target from $512 to $581, and DA Davidson from $630 to $810, indicating a bullish outlook on the company's performance.
• The company reported $6.53 EPS for its latest quarter, significantly surpassing the consensus estimate of $4.84, and achieved a revenue of $2.17 billion, marking a 20.1% increase compared to last year.

Comfort Systems USA (NYSE:FIX - Get Free Report) was upgraded by analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts also recently issued research reports about the company. Stifel Nicolaus raised their price target on Comfort Systems USA from $512.00 to $581.00 and gave the company a "buy" rating in a research report on Friday, July 11th. Northcoast Research cut Comfort Systems USA from a "buy" rating to a "neutral" rating in a report on Monday, July 28th. DA Davidson upped their target price on Comfort Systems USA from $630.00 to $810.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Wall Street Zen raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a research note on Saturday, July 26th. Finally, UBS Group increased their target price on shares of Comfort Systems USA from $545.00 to $710.00 and gave the company a "buy" rating in a report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $635.60.

Comfort Systems USA Stock Performance

Shares of FIX stock traded down $4.7380 on Tuesday, hitting $689.2620. 525,671 shares of the stock were exchanged, compared to its average volume of 467,026. The firm's 50 day moving average is $598.23 and its two-hundred day moving average is $466.94. Comfort Systems USA has a one year low of $276.44 and a one year high of $733.24. The firm has a market capitalization of $24.32 billion, a PE ratio of 35.42 and a beta of 1.49. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03.

Comfort Systems USA (NYSE:FIX - Get Free Report) last issued its earnings results on Thursday, July 24th. The construction company reported $6.53 EPS for the quarter, topping the consensus estimate of $4.84 by $1.69. The business had revenue of $2.17 billion during the quarter, compared to the consensus estimate of $1.97 billion. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%.The firm's revenue was up 20.1% compared to the same quarter last year. During the same quarter last year, the company earned $3.74 EPS. Sell-side analysts expect that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Comfort Systems USA news, CFO William George III sold 8,436 shares of Comfort Systems USA stock in a transaction on Friday, August 8th. The stock was sold at an average price of $692.60, for a total value of $5,842,773.60. Following the completion of the sale, the chief financial officer owned 47,473 shares of the company's stock, valued at approximately $32,879,799.80. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Darcy Anderson sold 8,000 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $506.82, for a total value of $4,054,560.00. Following the completion of the transaction, the director directly owned 26,535 shares of the company's stock, valued at approximately $13,448,468.70. This trade represents a 23.16% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 32,205 shares of company stock valued at $20,932,366. Insiders own 1.59% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FIX. Tradewinds Capital Management LLC grew its holdings in Comfort Systems USA by 49.1% during the 1st quarter. Tradewinds Capital Management LLC now owns 82 shares of the construction company's stock valued at $26,000 after buying an additional 27 shares in the last quarter. Ameritas Advisory Services LLC purchased a new stake in shares of Comfort Systems USA in the second quarter worth approximately $27,000. Stone House Investment Management LLC bought a new position in shares of Comfort Systems USA in the first quarter worth about $31,000. Versant Capital Management Inc increased its position in shares of Comfort Systems USA by 257.1% during the first quarter. Versant Capital Management Inc now owns 100 shares of the construction company's stock worth $32,000 after acquiring an additional 72 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in Comfort Systems USA by 54.4% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 105 shares of the construction company's stock worth $34,000 after purchasing an additional 37 shares during the period. 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.