Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) Price Target at $735.80

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have earned a consensus rating of “Moderate Buy” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $735.80.

FIX has been the subject of several research analyst reports. Stifel Nicolaus boosted their price objective on Comfort Systems USA from $746.00 to $917.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Comfort Systems USA in a research note on Wednesday, October 8th. Northcoast Research cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research note on Monday, July 28th. William Blair started coverage on Comfort Systems USA in a research note on Thursday, September 11th. They set an “outperform” rating on the stock. Finally, UBS Group increased their price target on Comfort Systems USA from $710.00 to $875.00 and gave the company a “buy” rating in a research note on Monday, September 15th.

Comfort Systems USA Stock Performance

Shares of NYSE:FIX opened at $788.90 on Monday. The stock has a market capitalization of $27.83 billion, a P/E ratio of 40.54 and a beta of 1.58. Comfort Systems USA has a 1-year low of $276.44 and a 1-year high of $861.77. The company has a current ratio of 1.13, a quick ratio of 1.10 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average price of $768.00 and a two-hundred day moving average price of $590.52.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Monday, August 15th. The construction company reported $0.90 earnings per share for the quarter. The firm had revenue of $713.90 million during the quarter. Comfort Systems USA had a return on equity of 39.33% and a net margin of 9.01%. Equities analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current year.

Insiders Place Their Bets

In other Comfort Systems USA news, CAO Julie Shaeff sold 1,369 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $704.50, for a total transaction of $964,460.50. Following the transaction, the chief accounting officer owned 16,023 shares in the company, valued at $11,288,203.50. This trade represents a 7.87% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William J. Sandbrook sold 800 shares of the stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $733.56, for a total value of $586,848.00. Following the transaction, the director owned 11,666 shares in the company, valued at $8,557,710.96. The trade was a 6.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,783 shares of company stock worth $18,710,798 in the last quarter. Company insiders own 1.59% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Wedmont Private Capital increased its position in Comfort Systems USA by 3.8% during the 3rd quarter. Wedmont Private Capital now owns 497 shares of the construction company’s stock worth $406,000 after buying an additional 18 shares during the period. Archer Investment Corp grew its holdings in shares of Comfort Systems USA by 8.0% during the 2nd quarter. Archer Investment Corp now owns 270 shares of the construction company’s stock worth $145,000 after purchasing an additional 20 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Comfort Systems USA by 12.4% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 199 shares of the construction company’s stock worth $107,000 after purchasing an additional 22 shares in the last quarter. Transce3nd LLC grew its holdings in shares of Comfort Systems USA by 12.9% during the 2nd quarter. Transce3nd LLC now owns 192 shares of the construction company’s stock worth $104,000 after purchasing an additional 22 shares in the last quarter. Finally, Optimum Investment Advisors grew its holdings in shares of Comfort Systems USA by 0.8% during the 2nd quarter. Optimum Investment Advisors now owns 2,988 shares of the construction company’s stock worth $1,602,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 96.51% of the company’s stock.

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.