Brokerages Set Comfort Systems USA, Inc. (NYSE:FIX) Price Target at $494.60

Comfort Systems USA, Inc. (NYSE:FIX) has received a consensus rating of “Buy” from the four analysts that are currently covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $530.75.

Several brokerages recently commented on FIX. Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a research report on Monday, February 24th. UBS Group increased their price target on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Stifel Nicolaus reduced their price target on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research report on Monday, February 24th. Northcoast Research began coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 price target for the company. Finally, StockNews.com raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th.

Institutional Trading of Comfort Systems USA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Proficio Capital Partners LLC bought a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $217,771,000. Norges Bank bought a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $196,154,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of Comfort Systems USA during the third quarter worth approximately $138,987,000. JPMorgan Chase & Co. increased its stake in shares of Comfort Systems USA by 191.2% during the fourth quarter. JPMorgan Chase & Co. now owns 380,896 shares of the construction company’s stock worth $161,523,000 after purchasing an additional 250,085 shares during the period. Finally, Voya Investment Management LLC increased its stake in shares of Comfort Systems USA by 824.2% during the fourth quarter. Voya Investment Management LLC now owns 233,553 shares of the construction company’s stock worth $98,985,000 after purchasing an additional 208,283 shares during the period. Institutional investors own 96.51% of the company’s stock.

Comfort Systems USA Stock Up 1.5 %

FIX stock opened at $362.02 on Monday. 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 stock has a market capitalization of $12.87 billion, a P/E ratio of 24.78 and a beta of 1.22. The business has a 50-day moving average of $436.85 and a 200-day moving average of $416.43. Comfort Systems USA has a fifty-two week low of $272.92 and a fifty-two week high of $553.09.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, topping 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 return on equity of 35.28% and a net margin of 7.43%. On average, sell-side analysts anticipate that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 10th will be paid a $0.40 dividend. This is a positive change from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. This represents a $1.60 annualized dividend and a yield of 0.44%. Comfort Systems USA’s dividend payout ratio is currently 10.95%.

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.