StockNews.com Upgrades Comfort Systems USA (NYSE:FIX) to Buy

Comfort Systems USA (NYSE:FIX) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

A number of other research analysts also recently issued reports on FIX. Sidoti upgraded shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 target price on the stock in a research report on Monday, February 24th. Stifel Nicolaus cut their price objective on shares of Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a report on Monday, February 24th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $530.75.

Comfort Systems USA Price Performance

Shares of Comfort Systems USA stock traded up $45.03 during midday trading on Wednesday, reaching $357.24. The company had a trading volume of 796,295 shares, compared to its average volume of 434,191. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $363.00 and a 200 day simple moving average of $415.87. Comfort Systems USA has a 1-year low of $272.93 and a 1-year high of $553.09. The company has a market capitalization of $12.70 billion, a price-to-earnings ratio of 24.45 and a beta of 1.27.

Comfort Systems USA (NYSE:FIX) last released its earnings results on Thursday, February 20th. The construction company reported $4.09 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 company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. As a group, equities research analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current year.

Institutional Investors Weigh In On Comfort Systems USA

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake in Comfort Systems USA by 257.1% in the 1st quarter. Versant Capital Management Inc now owns 100 shares of the construction company’s stock worth $32,000 after purchasing an additional 72 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Comfort Systems USA by 1,925.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after purchasing an additional 77 shares in the last quarter. Harbor Investment Advisory LLC boosted its position in shares of Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after buying an additional 55 shares during the period. Colonial Trust Co SC grew its holdings in shares of Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after buying an additional 67 shares in the last quarter. Finally, Rothschild Investment LLC raised its position in Comfort Systems USA by 106.9% in the 1st quarter. Rothschild Investment LLC now owns 120 shares of the construction company’s stock valued at $39,000 after buying an additional 62 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.