Sidoti Upgrades Comfort Systems USA (NYSE:FIX) to Buy

Comfort Systems USA (NYSE:FIX) was upgraded by analysts at Sidoti from a “neutral” rating to a “buy” rating in a report released on Monday, Marketbeat reports. The firm currently has a $552.00 target price on the construction company’s stock. Sidoti’s price target would indicate a potential upside of 49.65% from the company’s current price.

Other equities research analysts have also issued reports about the stock. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. UBS Group boosted their price target on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus boosted their price target on shares of Comfort Systems USA from $524.00 to $577.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Finally, Northcoast Research began coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $494.60.

Comfort Systems USA Trading Up 2.9 %

FIX opened at $368.86 on Monday. Comfort Systems USA has a fifty-two week low of $272.92 and a fifty-two week high of $553.09. 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 has a market capitalization of $13.13 billion, a price-to-earnings ratio of 25.25 and a beta of 1.22. The company’s 50 day moving average price is $442.81 and its two-hundred day moving average price is $416.41.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management acquired a new position in shares of Comfort Systems USA during the 3rd quarter valued at $28,000. EverSource Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after acquiring an additional 77 shares during the period. Harbor Investment Advisory LLC lifted its position in shares of Comfort Systems USA by 183.3% during the 4th quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after acquiring an additional 55 shares during the period. Colonial Trust Co SC lifted its position in shares of Comfort Systems USA by 352.6% during the 4th quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock valued at $36,000 after acquiring an additional 67 shares during the period. Finally, Johnson Financial Group Inc. lifted its position in shares of Comfort Systems USA by 131.1% during the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company’s stock valued at $45,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds 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.