Comfort Systems USA (NYSE:FIX) Stock Price Expected to Rise, KeyCorp Analyst Says

Comfort Systems USA (NYSE:FIX) had its target price raised by research analysts at KeyCorp from $2,110.00 to $2,125.00 in a research note issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the construction company’s stock. KeyCorp’s price target would indicate a potential upside of 38.09% from the company’s previous close.

A number of other analysts also recently commented on the stock. UBS Group restated a “buy” rating on shares of Comfort Systems USA in a research report on Tuesday, September 15th. Erste Group Bank cut shares of Comfort Systems USA from a “buy” rating to a “hold” rating in a report on Wednesday, July 15th. Weiss Ratings upgraded shares of Comfort Systems USA from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. The Goldman Sachs Group assumed coverage on shares of Comfort Systems USA in a research note on Thursday, July 9th. They set a “buy” rating and a $2,159.00 price objective on the stock. Finally, DA Davidson began coverage on Comfort Systems USA in a report on Friday, August 21st. They set a “buy” rating and a $2,100.00 target price on the stock. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $2,085.00.

Comfort Systems USA Price Performance

Shares of NYSE FIX opened at $1,538.84 on Thursday. The stock has a market cap of $54.15 billion, a P/E ratio of 37.85 and a beta of 1.66. The firm’s 50-day simple moving average is $1,652.73 and its 200 day simple moving average is $1,730.07. Comfort Systems USA has a fifty-two week low of $770.47 and a fifty-two week high of $2,073.99. The company has a quick ratio of 1.19, a current ratio of 1.21 and a debt-to-equity ratio of 0.02.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, July 23rd. The construction company reported $12.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $10.45 by $2.08. The firm had revenue of $3.27 billion during the quarter, compared to analyst estimates of $2.99 billion. Comfort Systems USA had a net margin of 12.77% and a return on equity of 53.55%. Comfort Systems USA’s revenue was up 50.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $6.53 EPS. Equities analysts expect that Comfort Systems USA will post 48.15 EPS for the current year.

Insider Buying and Selling

In related news, CFO William George, III sold 2,554 shares of Comfort Systems USA stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $1,859.65, for a total transaction of $4,749,546.10. Following the transaction, the chief financial officer directly owned 30,250 shares of the company’s stock, valued at $56,254,412.50. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian Lane sold 16,024 shares of the business’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total transaction of $25,769,957.04. Following the completion of the sale, the insider owned 145,065 shares in the company, valued at approximately $233,294,983.65. This trade represents a 9.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 26,078 shares of company stock valued at $43,211,828 over the last three months. Company insiders own 1.24% of the company’s stock.

Institutional Trading of Comfort Systems USA

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in Comfort Systems USA in the second quarter worth approximately $6,734,037,000. Deutsche Bank AG acquired a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $443,751,000. Legal & General Group Plc acquired a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $400,096,000. Bank of New York Mellon Corp acquired a new stake in shares of Comfort Systems USA during the 2nd quarter valued at $370,479,000. Finally, Amundi lifted its position in shares of Comfort Systems USA by 114.1% during the 2nd quarter. Amundi now owns 292,904 shares of the construction company’s stock valued at $580,521,000 after acquiring an additional 156,069 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc (NYSE:FIX) provides mechanical, electrical, and other contracting services for commercial, industrial, and institutional customers. Its work supports the construction, renovation, and ongoing operation of facilities such as office buildings, hospitals, schools, data centers, manufacturing plants, and other complex infrastructure.

The company’s services include heating, ventilation, and air conditioning; plumbing and piping; electrical contracting; building automation and controls; and related specialty services.