Wall Street Zen Upgrades Comfort Systems USA (NYSE:FIX) to “Strong-Buy”

Comfort Systems USA (NYSE:FIX) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

Several other brokerages have also recently issued reports on FIX. DA Davidson boosted their price target on Comfort Systems USA from $1,200.00 to $1,800.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price target on the stock in a research report on Friday, April 24th. Glj Research began coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 price target on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Comfort Systems USA in a research report on Monday, April 20th. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,923.20.

Comfort Systems USA Stock Performance

Shares of FIX stock opened at $1,870.95 on Friday. The stock has a market capitalization of $65.86 billion, a PE ratio of 53.98 and a beta of 1.70. Comfort Systems USA has a 52-week low of $420.88 and a 52-week high of $1,877.35. The stock’s 50-day moving average price is $1,497.63 and its 200 day moving average price is $1,191.27. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.81 by $3.70. The firm had revenue of $2.87 billion for the quarter, compared to analysts’ expectations of $2.39 billion. Comfort Systems USA had a return on equity of 51.69% and a net margin of 12.07%.The firm’s revenue for the quarter was up 56.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.75 EPS. As a group, equities research analysts forecast that Comfort Systems USA will post 43.42 EPS for the current year.

Insider Activity at Comfort Systems USA

In other Comfort Systems USA news, CFO William George III sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $1,434.97, for a total transaction of $12,914,730.00. Following the transaction, the chief financial officer owned 37,824 shares in the company, valued at approximately $54,276,305.28. The trade was a 19.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the transaction, the director owned 73,995 shares in the company, valued at $108,962,077.20. The trade was a 10.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,288 shares of company stock worth $57,165,933 in the last three months. 1.24% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors and hedge funds have recently added to or reduced their stakes in FIX. Quent Capital LLC acquired a new position in Comfort Systems USA during the third quarter worth $25,000. Ameriflex Group Inc. raised its holdings in Comfort Systems USA by 100.0% during the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after purchasing an additional 15 shares during the last quarter. Core Wealth Advisors LLC acquired a new position in Comfort Systems USA during the fourth quarter worth $28,000. Eastern Bank acquired a new position in Comfort Systems USA during the third quarter worth $31,000. Finally, Kemnay Advisory Services Inc. acquired a new position in Comfort Systems USA during the fourth quarter worth $33,000. Institutional investors and hedge funds 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.