Comfort Systems USA (NYSE:FIX) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage currently has a $48.00 price objective on the construction company’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 16.08% from the company’s current price.
According to Zacks, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. The Company operates primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities. Comfort Systems USA merged with the best regional experts, and now provides nationwide reach through 36 subsidiary companies that are prepared to build, service or retrofit any mechanical, HVAC or electrical system. Whether the project is Design-Build or Plan and Spec, Comfort Systems USA can help from the design phase to construction with qualified professionals, quality products and an experienced contractor team. “
Several other equities research analysts have also weighed in on FIX. Gilford Securities lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Friday, November 10th. Guggenheim lowered Comfort Systems USA from a “buy” rating to a “neutral” rating in a report on Friday, November 10th. Finally, DA Davidson boosted their target price on Comfort Systems USA to $43.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.00.
Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 22nd. The construction company reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.06). The firm had revenue of $461.10 million for the quarter, compared to analyst estimates of $445.85 million. Comfort Systems USA had a net margin of 3.09% and a return on equity of 16.10%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 earnings per share. equities research analysts predict that Comfort Systems USA will post 2.14 EPS for the current year.
In related news, Director Alan Krusi sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $42.50, for a total value of $85,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Franklin Myers bought 2,500 shares of Comfort Systems USA stock in a transaction that occurred on Tuesday, February 27th. The stock was bought at an average price of $41.87 per share, with a total value of $104,675.00. Following the completion of the acquisition, the chairman now owns 212,500 shares in the company, valued at approximately $8,897,375. The disclosure for this purchase can be found here. 3.48% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of FIX. MetLife Investment Advisors LLC acquired a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $777,000. Millennium Management LLC lifted its holdings in shares of Comfort Systems USA by 386.8% during the fourth quarter. Millennium Management LLC now owns 341,556 shares of the construction company’s stock worth $14,909,000 after buying an additional 271,395 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Comfort Systems USA during the fourth quarter worth approximately $266,000. Teachers Advisors LLC lifted its holdings in shares of Comfort Systems USA by 3.0% during the fourth quarter. Teachers Advisors LLC now owns 588,157 shares of the construction company’s stock worth $25,673,000 after buying an additional 17,275 shares during the last quarter. Finally, HBK Investments L P lifted its holdings in shares of Comfort Systems USA by 15.5% during the fourth quarter. HBK Investments L P now owns 11,092 shares of the construction company’s stock worth $484,000 after buying an additional 1,492 shares during the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.
ILLEGAL ACTIVITY WARNING: “Comfort Systems USA (FIX) Stock Rating Upgraded by Zacks Investment Research” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3226711/comfort-systems-usa-fix-stock-rating-upgraded-by-zacks-investment-research.html.
Comfort Systems USA Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Comfort Systems USA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Comfort Systems USA and related companies with MarketBeat.com's FREE daily email newsletter.