Comfort Systems USA, Inc. (FIX) Given Average Recommendation of “Hold” by Brokerages

Comfort Systems USA, Inc. (NYSE:FIX) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $63.00.

Several brokerages recently weighed in on FIX. Zacks Investment Research upgraded Comfort Systems USA from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. DA Davidson increased their price objective on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. Gilford Securities lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th. Finally, Guggenheim lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Friday, November 10th.

In other news, Chairman Franklin Myers purchased 3,000 shares of the stock in a transaction dated Tuesday, November 14th. The stock was acquired at an average cost of $40.23 per share, for a total transaction of $120,690.00. Following the completion of the transaction, the chairman now directly owns 208,000 shares in the company, valued at approximately $8,367,840. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Darcy Anderson sold 10,000 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $42.75, for a total value of $427,500.00. Following the transaction, the director now owns 42,352 shares of the company’s stock, valued at $1,810,548. The disclosure for this sale can be found here. Insiders sold 70,473 shares of company stock valued at $2,986,454 over the last quarter. 3.48% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its position in shares of Comfort Systems USA by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 28,974 shares of the construction company’s stock worth $1,075,000 after buying an additional 89 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Comfort Systems USA by 6.8% during the second quarter. Public Employees Retirement System of Ohio now owns 2,715 shares of the construction company’s stock worth $101,000 after buying an additional 173 shares during the period. Victory Capital Management Inc. boosted its position in shares of Comfort Systems USA by 11.5% during the second quarter. Victory Capital Management Inc. now owns 5,257 shares of the construction company’s stock worth $195,000 after buying an additional 542 shares during the period. California Public Employees Retirement System boosted its position in shares of Comfort Systems USA by 1.8% during the second quarter. California Public Employees Retirement System now owns 34,000 shares of the construction company’s stock worth $1,261,000 after buying an additional 600 shares during the period. Finally, Advisor Group Inc. boosted its position in shares of Comfort Systems USA by 27.2% during the second quarter. Advisor Group Inc. now owns 3,304 shares of the construction company’s stock worth $122,000 after buying an additional 706 shares during the period. Institutional investors and hedge funds own 92.22% of the company’s stock.

Shares of Comfort Systems USA (NYSE FIX) traded up $1.35 during trading on Friday, reaching $43.70. The company had a trading volume of 230,900 shares, compared to its average volume of 169,675. The stock has a market capitalization of $1,570.00, a price-to-earnings ratio of 25.56, a price-to-earnings-growth ratio of 1.97 and a beta of 1.28. Comfort Systems USA has a 52 week low of $31.90 and a 52 week high of $44.80. The company has a quick ratio of 1.30, a current ratio of 1.33 and a debt-to-equity ratio of 0.20.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 26th. The construction company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.02. The company had revenue of $480.85 million during the quarter, compared to analyst estimates of $469.53 million. Comfort Systems USA had a return on equity of 16.49% and a net margin of 3.76%. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.54 earnings per share. equities research analysts predict that Comfort Systems USA will post 1.78 earnings per share for the current fiscal year.

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About Comfort Systems USA

Comfort Systems USA, Inc is a provider of mechanical contracting services, which principally includes heating, ventilation and air conditioning (HVAC), plumbing, piping and controls, as well as off-site construction, electrical, monitoring and fire protection. As of December 31, 2016, the Company installed, maintained, repaired and replaced products and systems throughout its 35 operating units in 84 cities and 91 locations throughout the United States.

Analyst Recommendations for Comfort Systems USA (NYSE:FIX)

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