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

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

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

Comfort Systems USA Price Performance

NYSE FIX traded down $7.94 during trading hours on Monday, hitting $356.06. 150,520 shares of the company’s stock traded hands, compared to its average volume of 512,386. Comfort Systems USA has a 52-week low of $272.92 and a 52-week high of $553.09. The company has a market capitalization of $12.67 billion, a PE ratio of 24.43 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm’s 50-day moving average is $444.90 and its 200-day moving average is $415.30.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data 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. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. Equities analysts forecast that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Comfort Systems USA

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