Comfort Systems USA, Inc. (FIX) Receives $58.00 Average Target Price from Brokerages

Shares of Comfort Systems USA, Inc. (NYSE:FIX) have earned an average rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $58.00.

Separately, Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Tuesday, February 27th.

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In other Comfort Systems USA news, Chairman Franklin Myers purchased 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were purchased at an average cost of $41.87 per share, with a total value of $104,675.00. Following the completion of the transaction, the chairman now owns 212,500 shares of the company’s stock, valued at $8,897,375. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Krusi sold 2,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $42.50, for a total value of $85,000.00. The disclosure for this sale can be found here. Corporate insiders own 3.48% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Citadel Advisors LLC raised its position in Comfort Systems USA by 42.9% during the third quarter. Citadel Advisors LLC now owns 61,436 shares of the construction company’s stock valued at $2,193,000 after buying an additional 18,439 shares during the period. Jane Street Group LLC acquired a new position in Comfort Systems USA during the third quarter valued at $269,000. GSA Capital Partners LLP increased its position in Comfort Systems USA by 68.1% in the 3rd quarter. GSA Capital Partners LLP now owns 58,475 shares of the construction company’s stock worth $2,088,000 after purchasing an additional 23,694 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position 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 during the last quarter. Finally, Virginia Retirement Systems ET AL increased its position in Comfort Systems USA by 6.2% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 61,300 shares of the construction company’s stock worth $2,188,000 after purchasing an additional 3,600 shares during the last quarter. 95.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Comfort Systems USA stock traded up $0.70 during trading on Wednesday, hitting $41.25. The stock had a trading volume of 158,353 shares, compared to its average volume of 160,520. The company has a quick ratio of 1.28, a current ratio of 1.31 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1,533.47, a price-to-earnings ratio of 23.71, a price-to-earnings-growth ratio of 1.73 and a beta of 1.19. Comfort Systems USA has a fifty-two week low of $31.90 and a fifty-two week high of $44.80.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings data on Thursday, February 22nd. The construction company reported $0.45 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by ($0.06). The firm had revenue of $461.10 million during 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 company’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.45 EPS. analysts anticipate that Comfort Systems USA will post 2.38 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, March 23rd. Stockholders of record on Monday, March 12th were issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, March 9th. Comfort Systems USA’s dividend payout ratio is 17.24%.

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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.

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