Comfort Systems USA Shares Up 2.5% Following Insider Buying Activity (FIX)
Comfort Systems USA (NYSE:FIX)’s share price shot up 2.5% during trading on Friday following insider buying activity, AnalystRatingsNetwork reports. The company traded as high as $16.46 and last traded at $16.27, with a volume of 125,820 shares trading hands. The stock had previously closed at $15.87.
Specifically, Director Vance W. Tang purchased 7,000 shares of the stock on the open market in a transaction that occurred on Wednesday, May 28th. The shares were purchased at an average price of $15.82 per share, for a total transaction of $110,740.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
FIX has been the subject of a number of recent research reports. Analysts at Davidson raised their price target on shares of Comfort Systems USA from $17.00 to $18.00 in a research note on Friday, May 2nd. They now have a “buy” rating on the stock. Analysts at DA Davidson upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating in a research note on Monday, April 21st. They now have a $15.44 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $19.16.
The stock has a 50-day moving average of $15.40 and a 200-day moving average of $17.22. The company has a market cap of $611.9 million and a price-to-earnings ratio of 23.79.
Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.06. The company had revenue of $321.38 million for the quarter, compared to the consensus estimate of $335.17 million. Analysts expect that Comfort Systems USA will post $0.75 EPS for the current fiscal year.
Comfort Systems USA, Inc provides heating, ventilation and air conditioning (NYSE:FIX) installation, maintenance, repairs and replacement services within the mechanical services industry.
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