Comfort Systems USA, Inc. (NYSE:FIX) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have been given a consensus rating of “Buy” by the five brokerages that are presently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $494.60.

Several research firms have commented on FIX. Stifel Nicolaus lowered their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating on the stock in a research report on Monday. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a report on Monday. Northcoast Research initiated coverage on Comfort Systems USA in a research report on Friday, November 22nd. They set a “buy” rating and a $525.00 target price on the stock. UBS Group raised their price objective on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th.

Comfort Systems USA Stock Up 2.2 %

Shares of FIX stock traded up $7.93 during mid-day trading on Monday, hitting $371.93. The stock had a trading volume of 322,143 shares, compared to its average volume of 518,320. The firm has a market capitalization of $13.24 billion, a P/E ratio of 25.40 and a beta of 1.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. Comfort Systems USA has a 12-month low of $272.92 and a 12-month high of $553.09. The firm’s 50-day moving average is $444.90 and its two-hundred day moving average is $415.30.

Comfort Systems USA (NYSE:FIX) last released its quarterly earnings data on Thursday, February 20th. The construction company reported $4.09 earnings per share for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. The business had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.77 billion. On average, analysts predict that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.43%. This is an increase from Comfort Systems USA’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Monday, March 10th. Comfort Systems USA’s payout ratio is 10.95%.

Institutional Investors Weigh In On Comfort Systems USA

Institutional investors have recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in Comfort Systems USA during the 3rd quarter worth about $28,000. EverSource Wealth Advisors LLC lifted its position in shares of Comfort Systems USA by 1,925.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock worth $34,000 after purchasing an additional 77 shares in the last quarter. Harbor Investment Advisory LLC boosted its stake in shares of Comfort Systems USA by 183.3% in the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock valued at $36,000 after purchasing an additional 55 shares during the period. Colonial Trust Co SC grew its holdings in shares of Comfort Systems USA by 352.6% in the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock valued at $36,000 after purchasing an additional 67 shares in the last quarter. Finally, Private Trust Co. NA increased its stake in Comfort Systems USA by 41.3% during the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after buying an additional 31 shares during the period. 96.51% of the stock is owned by institutional investors and hedge funds.

Comfort Systems USA Company Profile

Comfort Systems USA, Inc, together with its subsidiaries, provides mechanical and electrical installation, renovation, maintenance, repair, and replacement services for the mechanical and electrical services industry in the United States. It operates through two segments, Mechanical and Electrical. The company offers heating, ventilation, and air conditioning systems, as well as plumbing, electrical, piping and controls, off-site construction, monitoring, and fire protection.