DA Davidson Forecasts Strong Price Appreciation for Comfort Systems USA (NYSE:FIX) Stock

Comfort Systems USA (NYSE:FIX - Get Free Report) had its price target lifted by equities researchers at DA Davidson from $465.00 to $630.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the construction company's stock. DA Davidson's price objective would suggest a potential upside of 17.89% from the stock's current price.

A number of other equities analysts have also recently weighed in on the stock. Stifel Nicolaus upped their price objective on shares of Comfort Systems USA from $471.00 to $512.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, June 7th. Six equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Comfort Systems USA currently has an average rating of "Buy" and an average price target of $558.80.

Comfort Systems USA Price Performance

Shares of FIX stock traded down $0.60 on Monday, hitting $534.40. 75,790 shares of the stock traded hands, compared to its average volume of 415,389. The firm has a market cap of $18.85 billion, a price-to-earnings ratio of 32.06 and a beta of 1.51. The firm has a 50 day simple moving average of $462.08 and a two-hundred day simple moving average of $420.73. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.08 and a quick ratio of 1.05. Comfort Systems USA has a 52 week low of $272.93 and a 52 week high of $553.09.

Comfort Systems USA (NYSE:FIX - Get Free Report) last posted its earnings results on Thursday, April 24th. The construction company reported $4.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.66 by $1.09. The company had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.77 billion. Comfort Systems USA had a return on equity of 36.35% and a net margin of 8.13%. The firm's quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.69 earnings per share. As a group, equities research analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Insider Activity at Comfort Systems USA

In related news, insider Brian E. Lane sold 15,000 shares of the business's stock in a transaction that occurred on 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 directly owns 198,046 shares in the company, valued at approximately $85,488,536.36. The trade was a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Darcy Anderson sold 8,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $506.82, for a total transaction of $4,054,560.00. Following the transaction, the director now directly owns 26,535 shares in the company, valued at approximately $13,448,468.70. This represents a 23.16% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 40,800 shares of company stock valued at $18,696,795 over the last quarter. Insiders own 1.59% of the company's stock.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust grew its holdings in shares of Comfort Systems USA by 24.5% during the 4th quarter. Parkside Financial Bank & Trust now owns 264 shares of the construction company's stock worth $112,000 after purchasing an additional 52 shares during the period. Private Trust Co. NA grew its stake in Comfort Systems USA by 41.3% during the fourth quarter. Private Trust Co. NA now owns 106 shares of the construction company's stock worth $45,000 after buying an additional 31 shares during the period. US Bancorp DE increased its position in shares of Comfort Systems USA by 4.4% in the fourth quarter. US Bancorp DE now owns 11,830 shares of the construction company's stock worth $5,017,000 after acquiring an additional 495 shares in the last quarter. Bridges Investment Management Inc. raised its stake in shares of Comfort Systems USA by 16.2% in the 4th quarter. Bridges Investment Management Inc. now owns 3,570 shares of the construction company's stock valued at $1,514,000 after acquiring an additional 498 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Comfort Systems USA by 67.0% during the 4th quarter. Smartleaf Asset Management LLC now owns 152 shares of the construction company's stock valued at $65,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors 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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