Comfort Systems USA (NYSE:FIX) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Comfort Systems USA (NYSE:FIX) had its price objective increased by equities research analysts at Stifel Nicolaus from $1,155.00 to $1,196.00 in a research note issued on Monday, Marketbeat.com reports. The brokerage presently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 3.17% from the company’s current price.

A number of other brokerages have also weighed in on FIX. Zacks Research lowered Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 26th. DA Davidson reaffirmed a “buy” rating and set a $1,200.00 price target on shares of Comfort Systems USA in a report on Friday, December 19th. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Wednesday, January 21st. Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, January 3rd. Finally, UBS Group lifted 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. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Comfort Systems USA currently has an average rating of “Moderate Buy” and a consensus price target of $1,022.00.

Comfort Systems USA Stock Performance

FIX opened at $1,159.22 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.06. Comfort Systems USA has a 12-month low of $276.44 and a 12-month high of $1,177.87. The business has a 50 day moving average of $999.53 and a 200-day moving average of $853.12. The stock has a market cap of $40.89 billion, a price-to-earnings ratio of 49.08 and a beta of 1.66.

Insider Activity at Comfort Systems USA

In other news, Director Darcy Anderson sold 4,000 shares of the firm’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $958.72, for a total value of $3,834,880.00. Following the completion of the sale, the director directly owned 22,535 shares in the company, valued at $21,604,755.20. This trade represents a 15.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Laura Finley Howell sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $996.16, for a total value of $996,160.00. Following the completion of the sale, the senior vice president directly owned 7,938 shares of the company’s stock, valued at $7,907,518.08. This trade represents a 11.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 16,528 shares of company stock worth $15,806,986 over the last quarter. Company insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Monument Capital Management purchased a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $3,629,000. Private Client Services LLC grew its position in Comfort Systems USA by 624.4% during the third quarter. Private Client Services LLC now owns 2,731 shares of the construction company’s stock valued at $2,254,000 after buying an additional 2,354 shares during the period. Brown Advisory Inc. increased its holdings in Comfort Systems USA by 2,271.3% during the second quarter. Brown Advisory Inc. now owns 16,528 shares of the construction company’s stock worth $8,863,000 after buying an additional 15,831 shares during the last quarter. Triasima Portfolio Management inc. bought a new stake in Comfort Systems USA in the third quarter worth about $2,392,000. Finally, Ameritas Advisory Services LLC purchased a new position in Comfort Systems USA in the second quarter valued at about $27,000. Hedge funds and other institutional investors own 96.51% of the company’s stock.

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.