Comfort Systems USA (NYSE:FIX) Given New $1,196.00 Price Target at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX) had its target price lifted by equities research analysts at Stifel Nicolaus from $1,155.00 to $1,196.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price target suggests a potential upside of 6.53% from the company’s previous close.

Several other equities research analysts have also weighed in on the company. DA Davidson reaffirmed a “buy” rating and issued a $1,200.00 target price on shares of Comfort Systems USA in a research report on Friday, December 19th. UBS Group increased their price target on Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a research note on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a report on Friday, December 26th. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,022.00.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,122.73 on Monday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $39.60 billion, a price-to-earnings ratio of 47.53 and a beta of 1.66. Comfort Systems USA has a twelve month low of $276.44 and a twelve month high of $1,177.87. The business has a 50 day simple moving average of $990.57 and a 200-day simple moving average of $844.57.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, October 23rd. The construction company reported $8.25 earnings per share for the quarter, beating the consensus estimate of $6.29 by $1.96. The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $2.15 billion. Comfort Systems USA had a net margin of 10.06% and a return on equity of 43.59%. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.09 earnings per share. As a group, equities research analysts expect that Comfort Systems USA will post 16.85 earnings per share for the current year.

Insider Activity at Comfort Systems USA

In related news, Director Pablo G. Mercado sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, October 29th. The stock was sold at an average price of $1,005.41, for a total value of $2,513,525.00. Following the completion of the sale, the director owned 4,000 shares of the company’s stock, valued at approximately $4,021,640. The trade was a 38.46% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Franklin Myers sold 5,000 shares of Comfort Systems USA stock in a transaction that occurred on Wednesday, October 29th. The shares were sold at an average price of $1,006.68, for a total transaction of $5,033,400.00. Following the completion of the sale, the director owned 82,901 shares of the company’s stock, valued at $83,454,778.68. This trade represents a 5.69% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 26,028 shares of company stock worth $25,381,151. Company insiders own 1.59% of the company’s stock.

Institutional Trading of Comfort Systems USA

Several large investors have recently modified their holdings of FIX. Toth Financial Advisory Corp bought a new stake in shares of Comfort Systems USA in the 3rd quarter worth about $25,000. Quent Capital LLC bought a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $25,000. Ameriflex Group Inc. grew its position in shares of Comfort Systems USA by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after buying an additional 15 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Comfort Systems USA during the second quarter worth approximately $27,000. Finally, Eastern Bank bought a new stake in shares of Comfort Systems USA during the third quarter worth approximately $31,000. 96.51% of the stock is owned by institutional investors.

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.