Comfort Systems USA (NYSE:FIX) Raised to Buy at Sidoti

Comfort Systems USA (NYSE:FIX) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm currently has a $552.00 price objective on the construction company’s stock. Sidoti’s price target suggests a potential upside of 55.03% from the stock’s current price.

FIX has been the subject of several other research reports. StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research note on Friday, November 22nd. They set a “buy” rating and a $525.00 price objective for the company. UBS Group lifted their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Finally, Stifel Nicolaus lifted their price target on Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $515.80.

Comfort Systems USA Stock Down 2.2 %

NYSE:FIX traded down $7.94 during mid-day trading on Monday, reaching $356.06. The company’s stock had a trading volume of 150,520 shares, compared to its average volume of 512,386. Comfort Systems USA has a 1 year low of $272.92 and a 1 year high of $553.09. The stock has a fifty day moving average of $444.90 and a 200-day moving average of $415.30. The firm has a market capitalization of $12.67 billion, a PE ratio of 24.43 and a beta of 1.22. 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 (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.77 billion. Equities research analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current year.

Hedge Funds Weigh In On Comfort Systems USA

Several large investors have recently made changes to their positions in the company. Consolidated Planning Corp raised its stake in shares of Comfort Systems USA by 49.0% during the 4th quarter. Consolidated Planning Corp now owns 4,783 shares of the construction company’s stock worth $2,028,000 after buying an additional 1,573 shares during the period. Diversified Trust Co acquired a new position in shares of Comfort Systems USA during the fourth quarter valued at approximately $2,998,000. Zacks Investment Management raised its holdings in shares of Comfort Systems USA by 26.2% during the third quarter. Zacks Investment Management now owns 8,650 shares of the construction company’s stock valued at $3,376,000 after acquiring an additional 1,795 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of Comfort Systems USA in the third quarter valued at approximately $1,484,000. Finally, WCM Investment Management LLC boosted its stake in shares of Comfort Systems USA by 16.5% in the third quarter. WCM Investment Management LLC now owns 99,553 shares of the construction company’s stock worth $38,833,000 after acquiring an additional 14,090 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

About Comfort Systems USA

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.