Comfort Systems USA, Inc. (FIX) Given New $43.00 Price Target at DA Davidson
Comfort Systems USA, Inc. (NYSE:FIX) had its target price lifted by stock analysts at DA Davidson to $43.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “neutral” rating on the construction company’s stock. DA Davidson’s price target would suggest a potential upside of 1.30% from the company’s previous close.
A number of other equities analysts have also weighed in on the company. Zacks Investment Research lowered Comfort Systems USA from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. BidaskClub upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $63.00.
Comfort Systems USA (NYSE FIX) traded up 3.42% during mid-day trading on Monday, reaching $43.90. The company had a trading volume of 82,781 shares. The firm has a market capitalization of $1.64 billion, a PE ratio of 26.43 and a beta of 1.25. The stock’s 50-day moving average price is $36.05 and its 200 day moving average price is $35.30. Comfort Systems USA has a 52 week low of $27.15 and a 52 week high of $43.95.
Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.02. The business had revenue of $480.85 million during the quarter, compared to analyst estimates of $469.53 million. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. On average, equities research analysts predict that Comfort Systems USA will post $1.76 EPS for the current year.
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In related news, Director Alan Krusi sold 2,000 shares of Comfort Systems USA stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $33.85, for a total value of $67,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.48% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the stock. Copeland Capital Management LLC increased its stake in shares of Comfort Systems USA by 2.3% in the 3rd quarter. Copeland Capital Management LLC now owns 441,581 shares of the construction company’s stock valued at $15,764,000 after purchasing an additional 9,952 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Comfort Systems USA by 25.9% in the 3rd quarter. Victory Capital Management Inc. now owns 6,617 shares of the construction company’s stock valued at $236,000 after purchasing an additional 1,360 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Comfort Systems USA in the 3rd quarter valued at about $353,000. Third Avenue Management LLC increased its stake in shares of Comfort Systems USA by 5.0% in the 3rd quarter. Third Avenue Management LLC now owns 169,475 shares of the construction company’s stock valued at $6,051,000 after purchasing an additional 8,100 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Comfort Systems USA by 11.2% in the 3rd quarter. First Trust Advisors LP now owns 152,444 shares of the construction company’s stock valued at $5,442,000 after purchasing an additional 15,308 shares in the last quarter. Hedge funds and other institutional investors own 92.37% 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.
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