Stifel Nicolaus Cuts Comfort Systems USA (NYSE:FIX) Price Target to $471.00

Comfort Systems USA (NYSE:FIX) had its price objective reduced by Stifel Nicolaus from $577.00 to $471.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the construction company’s stock.

A number of other equities research analysts have also weighed in on the company. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research report on Monday. Finally, UBS Group boosted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $494.60.

Comfort Systems USA Stock Performance

NYSE FIX opened at $375.01 on Monday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. Comfort Systems USA has a 52-week low of $272.92 and a 52-week high of $553.09. The business’s 50-day moving average price is $439.93 and its 200 day moving average price is $416.50. The firm has a market cap of $13.35 billion, a P/E ratio of 25.67 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.77 billion. On average, equities research analysts expect that Comfort Systems USA will post 16.85 earnings per share for the current year.

Comfort Systems USA Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. This represents a $1.60 annualized dividend and a yield of 0.43%. Comfort Systems USA’s payout ratio is 10.95%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Signaturefd LLC grew its stake in shares of Comfort Systems USA by 9.3% during the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company’s stock valued at $147,000 after buying an additional 32 shares during the period. Private Advisor Group LLC grew its stake in shares of Comfort Systems USA by 11.6% during the 3rd quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock valued at $412,000 after buying an additional 110 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of Comfort Systems USA by 215.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company’s stock valued at $6,404,000 after buying an additional 11,213 shares during the period. Highland Capital Management LLC purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $276,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Comfort Systems USA during the 3rd quarter valued at $1,024,000. 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.