Comfort Systems USA (NYSE:FIX) Upgraded by The Goldman Sachs Group to “Strong-Buy” Rating

Comfort Systems USA (NYSE:FIX) was upgraded by analysts at The Goldman Sachs Group to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

Several other equities research analysts have also issued reports on FIX. Erste Group Bank assumed coverage on shares of Comfort Systems USA in a research note on Friday, June 5th. They issued a “buy” rating on the stock. Oppenheimer started coverage on shares of Comfort Systems USA in a research note on Thursday, May 28th. They set an “outperform” rating and a $2,200.00 price objective for the company. KeyCorp upgraded Comfort Systems USA from a “sector weight” rating to an “overweight” rating and set a $2,004.00 price objective for the company in a report on Friday, April 24th. Glj Research assumed coverage on Comfort Systems USA in a research report on Monday, April 20th. They issued a “buy” rating and a $2,001.00 target price on the stock. Finally, Stifel Nicolaus upped their target price on Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $2,015.43.

Comfort Systems USA Price Performance

Shares of FIX opened at $1,783.17 on Thursday. The stock has a market capitalization of $62.77 billion, a P/E ratio of 51.45 and a beta of 1.66. Comfort Systems USA has a twelve month low of $513.99 and a twelve month high of $2,073.99. The company has a 50 day moving average of $1,883.23 and a 200-day moving average of $1,511.92. The company has a quick ratio of 1.21, a current ratio of 1.24 and a debt-to-equity ratio of 0.01.

Comfort Systems USA (NYSE:FIX) last posted its quarterly earnings data on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.81 by $3.70. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 51.69%. The firm’s revenue was up 56.5% compared to the same quarter last year. During the same period last year, the company earned $4.75 earnings per share. As a group, equities research analysts forecast that Comfort Systems USA will post 43.39 EPS for the current fiscal year.

Insider Activity

In other Comfort Systems USA news, CFO William George III sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $1,948.17, for a total value of $7,792,680.00. Following the sale, the chief financial officer owned 33,804 shares in the company, valued at $65,855,938.68. This represents a 10.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William J. Sandbrook sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 29th. The shares were sold at an average price of $1,732.67, for a total value of $2,599,005.00. Following the completion of the sale, the director directly owned 7,666 shares of the company’s stock, valued at approximately $13,282,648.22. The trade was a 16.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 30,778 shares of company stock valued at $59,746,124. 1.24% of the stock is owned by insiders.

Institutional Investors Weigh In On Comfort Systems USA

Hedge funds have recently added to or reduced their stakes in the business. Carolina Wealth Advisors LLC boosted its position in Comfort Systems USA by 63.6% during the second quarter. Carolina Wealth Advisors LLC now owns 18 shares of the construction company’s stock worth $36,000 after purchasing an additional 7 shares during the period. Core Wealth Advisors LLC bought a new position in shares of Comfort Systems USA in the fourth quarter valued at about $28,000. CENTRAL TRUST Co acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth about $46,000. Ascentis Independent Advisors acquired a new stake in shares of Comfort Systems USA during the 1st quarter worth about $46,000. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of Comfort Systems USA during the 1st quarter worth about $47,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.