Comfort Systems USA (NYSE:FIX) Cut to “Hold” at StockNews.com

Comfort Systems USA (NYSE:FIX) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Other research analysts have also issued reports about the company. UBS Group lifted their target price on Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a report on Monday, December 9th. Stifel Nicolaus decreased their price objective on Comfort Systems USA from $577.00 to $471.00 and set a “buy” rating for the company in a research note on Monday, February 24th. Finally, Sidoti raised Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research report on Monday, February 24th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $530.75.

Comfort Systems USA Stock Down 1.7 %

Shares of NYSE FIX traded down $6.57 during midday trading on Tuesday, hitting $372.67. The company’s stock had a trading volume of 370,249 shares, compared to its average volume of 408,026. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.04 and a quick ratio of 1.02. The firm has a market capitalization of $13.25 billion, a price-to-earnings ratio of 25.51 and a beta of 1.24. The business’s fifty day simple moving average is $403.89 and its two-hundred day simple moving average is $418.99. Comfort Systems USA has a 1 year low of $272.93 and a 1 year high of $553.09.

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

Institutional Trading of Comfort Systems USA

A number of institutional investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Comfort Systems USA by 1,925.0% in the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after acquiring an additional 77 shares during the last quarter. Harbor Investment Advisory LLC increased its stake in 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 last quarter. Colonial Trust Co SC raised its holdings in Comfort Systems USA by 352.6% during the fourth quarter. Colonial Trust Co SC now owns 86 shares of the construction company’s stock worth $36,000 after purchasing an additional 67 shares in the last quarter. Private Trust Co. NA lifted its position in shares of 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 last quarter. Finally, Johnson Financial Group Inc. boosted its holdings in shares of Comfort Systems USA by 131.1% in the 4th quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company’s stock valued at $45,000 after buying an additional 59 shares in the last quarter. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Comfort Systems USA

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.