Brokerages Set Comfort Systems USA, Inc. (FIX) Target Price at $48.50

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been assigned an average rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $48.50.

A number of research analysts have recently weighed in on the company. Sidoti cut Comfort Systems USA from a “buy” rating to a “neutral” rating in a research report on Thursday, June 7th. ValuEngine raised Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. Zacks Investment Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 30th. Finally, DA Davidson lifted their price objective on Comfort Systems USA from $46.00 to $48.00 and gave the company a “hold” rating in a research report on Monday, April 30th.

In other Comfort Systems USA news, Chairman Franklin Myers purchased 3,500 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were bought at an average cost of $46.38 per share, with a total value of $162,330.00. Following the acquisition, the chairman now owns 218,500 shares in the company, valued at $10,134,030. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William J. Sandbrook purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, May 29th. The stock was acquired at an average cost of $46.19 per share, for a total transaction of $461,900.00. Following the completion of the acquisition, the director now owns 7,719 shares in the company, valued at approximately $356,540.61. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 17,766 shares of company stock worth $819,911 and sold 87,503 shares worth $3,771,335. 3.45% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of FIX. Schwab Charles Investment Management Inc. lifted its holdings in Comfort Systems USA by 5.2% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 261,637 shares of the construction company’s stock worth $11,421,000 after purchasing an additional 12,914 shares in the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Comfort Systems USA by 24.9% in the 4th quarter. Crossmark Global Holdings Inc. now owns 12,352 shares of the construction company’s stock worth $539,000 after purchasing an additional 2,460 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Comfort Systems USA in the 4th quarter worth approximately $558,000. California Public Employees Retirement System lifted its holdings in Comfort Systems USA by 5.5% in the 4th quarter. California Public Employees Retirement System now owns 37,040 shares of the construction company’s stock worth $1,617,000 after purchasing an additional 1,921 shares in the last quarter. Finally, Swiss National Bank lifted its holdings in Comfort Systems USA by 3.9% in the 4th quarter. Swiss National Bank now owns 63,600 shares of the construction company’s stock worth $2,776,000 after purchasing an additional 2,400 shares in the last quarter. 91.86% of the stock is currently owned by institutional investors.

Shares of Comfort Systems USA traded down $0.40, reaching $47.05, during trading hours on Monday, MarketBeat reports. 7,487 shares of the company traded hands, compared to its average volume of 153,990. Comfort Systems USA has a 12-month low of $31.90 and a 12-month high of $48.95. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 0.15. The stock has a market cap of $1.76 billion, a P/E ratio of 27.04, a PEG ratio of 1.89 and a beta of 1.16.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Friday, April 27th. The construction company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.06. Comfort Systems USA had a return on equity of 17.86% and a net margin of 3.44%. The firm had revenue of $464.94 million for the quarter, compared to analysts’ expectations of $441.98 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s quarterly revenue was up 22.2% on a year-over-year basis. equities research analysts expect that Comfort Systems USA will post 2.5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Monday, May 14th were given a dividend of $0.08 per share. This is a boost from Comfort Systems USA’s previous quarterly dividend of $0.08. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend was Friday, May 11th. Comfort Systems USA’s payout ratio is presently 18.39%.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc provides mechanical installation, renovation, maintenance, repair, and replacement services for the mechanical services industry in the United States. It is involved in the design, engineering, integration, installation, and start-up of mechanical and related systems; and maintenance, repair, replacement, renovation, expansion, reconfiguration, and monitoring of mechanical systems, including heating, ventilation, and air conditioning (HVAC) systems, as well as industrial process piping.

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