Comfort Systems USA (NYSE:FIX – Get Free Report) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.
Separately, UBS Group assumed coverage on Comfort Systems USA in a research report on Thursday, June 1st. They set a “neutral” rating and a $162.00 price objective on the stock.
Comfort Systems USA Price Performance
Shares of Comfort Systems USA stock traded up $8.43 during trading on Friday, reaching $173.81. 206,260 shares of the company’s stock were exchanged, compared to its average volume of 251,935. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.01 and a current ratio of 1.04. Comfort Systems USA has a 1-year low of $95.28 and a 1-year high of $174.56. The company has a market cap of $6.22 billion, a P/E ratio of 25.67 and a beta of 1.21. The firm’s 50-day moving average price is $160.30 and its 200 day moving average price is $143.68.
Comfort Systems USA (NYSE:FIX – Get Free Report) last posted its quarterly earnings results on Wednesday, July 26th. The construction company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.29. Comfort Systems USA had a return on equity of 23.87% and a net margin of 5.17%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.22 billion. During the same quarter in the previous year, the firm earned $1.17 EPS. Comfort Systems USA’s revenue was up 27.4% on a year-over-year basis. As a group, research analysts anticipate that Comfort Systems USA will post 6.79 earnings per share for the current year.
Insider Buying and Selling
In other news, Director Constance Ellen Skidmore sold 3,000 shares of the stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $159.94, for a total value of $479,820.00. Following the completion of the sale, the director now owns 22,787 shares of the company’s stock, valued at $3,644,552.78. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.48% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Comfort Systems USA
Several institutional investors and hedge funds have recently made changes to their positions in FIX. Assenagon Asset Management S.A. grew its stake in Comfort Systems USA by 20.6% during the first quarter. Assenagon Asset Management S.A. now owns 159,437 shares of the construction company’s stock worth $23,271,000 after purchasing an additional 27,250 shares during the period. HRT Financial LP acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $2,134,000. Toth Financial Advisory Corp acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $538,000. Summit Global Investments grew its stake in Comfort Systems USA by 21.8% during the fourth quarter. Summit Global Investments now owns 6,700 shares of the construction company’s stock worth $771,000 after purchasing an additional 1,200 shares during the period. Finally, Mayflower Financial Advisors LLC acquired a new stake in Comfort Systems USA during the first quarter worth approximately $229,000. Institutional investors and hedge funds own 94.51% of the company’s stock.
Comfort Systems USA Company Profile
Comfort Systems USA, Inc provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It engages in the design, engineering, integration, installation, and start-up of mechanical, electrical, and plumbing (MEP) systems; and renovation, expansion, maintenance, monitoring, repair, and replacement of existing buildings.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Comfort Systems USA, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Comfort Systems USA wasn’t on the list.
While Comfort Systems USA currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
Which stocks are likely to thrive in today’s challenging market? Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment.
