Comfort Systems USA, Inc. (NYSE:FIX) Stock Rating Upgraded by BidaskClub

Comfort Systems USA, Inc. (NYSE:FIX) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

Other analysts have also recently issued reports about the stock. Jefferies Group LLC increased their target price on shares of Comfort Systems USA from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Guggenheim assumed coverage on shares of Comfort Systems USA in a research note on Tuesday, April 11th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Tuesday, June 27th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Comfort Systems USA currently has an average rating of “Hold” and a consensus price target of $54.00.

Shares of Comfort Systems USA (NYSE FIX) traded up 0.14% on Wednesday, reaching $36.65. 26,911 shares of the company’s stock traded hands. Comfort Systems USA has a one year low of $26.05 and a one year high of $39.67. The company’s 50-day moving average price is $35.24 and its 200 day moving average price is $35.00. The firm has a market cap of $1.36 billion, a P/E ratio of 22.07 and a beta of 1.29.

Comfort Systems USA (NYSE:FIX) last posted its earnings results on Wednesday, April 26th. The construction company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by $0.05. Comfort Systems USA had a return on equity of 16.94% and a net margin of 3.84%. The firm had revenue of $380.60 million during the quarter, compared to analysts’ expectations of $405.43 million. During the same quarter in the prior year, the company earned $0.26 earnings per share. The business’s revenue for the quarter was down 1.4% compared to the same quarter last year. On average, equities analysts forecast that Comfort Systems USA will post $1.82 EPS for the current fiscal year.

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In other news, CFO William George III sold 28,396 shares of the firm’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $36.54, for a total transaction of $1,037,589.84. Following the sale, the chief financial officer now owns 50,062 shares in the company, valued at approximately $1,829,265.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Alan Krusi sold 3,000 shares of the firm’s stock in a transaction on Thursday, April 27th. The shares were sold at an average price of $36.22, for a total transaction of $108,660.00. The disclosure for this sale can be found here. Company insiders own 3.49% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in Comfort Systems USA by 63,201.2% in the first quarter. BlackRock Inc. now owns 5,067,895 shares of the construction company’s stock valued at $185,736,000 after buying an additional 5,059,889 shares during the period. State Street Corp boosted its position in shares of Comfort Systems USA by 5.3% in the first quarter. State Street Corp now owns 891,060 shares of the construction company’s stock worth $32,661,000 after buying an additional 45,139 shares during the last quarter. Copper Rock Capital Partners LLC boosted its position in shares of Comfort Systems USA by 2.0% in the first quarter. Copper Rock Capital Partners LLC now owns 784,722 shares of the construction company’s stock worth $28,172,000 after buying an additional 15,665 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Comfort Systems USA by 4.1% in the first quarter. Renaissance Technologies LLC now owns 777,500 shares of the construction company’s stock worth $28,495,000 after buying an additional 30,800 shares during the last quarter. Finally, Neumeier Poma Investment Counsel LLC boosted its position in shares of Comfort Systems USA by 61.2% in the first quarter. Neumeier Poma Investment Counsel LLC now owns 646,950 shares of the construction company’s stock worth $23,711,000 after buying an additional 245,725 shares during the last quarter. Hedge funds and other institutional investors own 93.78% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

Analyst Recommendations for Comfort Systems USA (NYSE:FIX)

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