Stifel Nicolaus Forecasts Strong Price Appreciation for Comfort Systems USA (NYSE:FIX) Stock

Comfort Systems USA (NYSE:FIX) had its price target lifted by equities researchers at Stifel Nicolaus from $1,069.00 to $1,155.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 30.73% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. DA Davidson set a $810.00 price objective on Comfort Systems USA in a report on Friday, October 24th. UBS Group lifted their price target on shares of Comfort Systems USA from $875.00 to $1,140.00 and gave the company a “buy” rating in a report on Monday, October 27th. Wall Street Zen raised shares of Comfort Systems USA from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Comfort Systems USA in a report on Wednesday, October 8th. Finally, Zacks Research raised Comfort Systems USA from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA has a consensus rating of “Buy” and an average price target of $914.25.

Comfort Systems USA Stock Performance

NYSE:FIX opened at $883.51 on Tuesday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. The firm has a 50-day moving average price of $930.54 and a 200 day moving average price of $746.21. The firm has a market capitalization of $31.16 billion, a PE ratio of 37.41 and a beta of 1.64. Comfort Systems USA has a 12-month low of $276.44 and a 12-month high of $1,036.67.

Comfort Systems USA (NYSE:FIX) last issued its earnings results on Monday, August 15th. The construction company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 43.59% and a net margin of 10.06%. Research analysts anticipate that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Darcy Anderson sold 4,000 shares of the company’s stock in a transaction on Friday, October 31st. The stock was sold at an average price of $958.72, for a total transaction of $3,834,880.00. Following the transaction, the director owned 22,535 shares of the company’s stock, valued at $21,604,755.20. This represents a 15.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO William George III sold 4,370 shares of the firm’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $958.88, for a total value of $4,190,305.60. Following the completion of the transaction, the chief financial officer owned 39,824 shares in the company, valued at approximately $38,186,437.12. This represents a 9.89% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 26,028 shares of company stock worth $25,381,151. 1.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Toth Financial Advisory Corp bought a new stake in shares of Comfort Systems USA during the third quarter worth approximately $25,000. Quent Capital LLC acquired a new stake in Comfort Systems USA during the 3rd quarter worth $25,000. Ameriflex Group Inc. raised 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 valued at $25,000 after acquiring an additional 15 shares during the last quarter. Eastern Bank acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $31,000. Finally, Financial Life Planners acquired a new position in shares of Comfort Systems USA in the 3rd quarter valued at $42,000. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.