Comfort Systems USA (NYSE:FIX) Stock Price Target Lowered at KeyCorp

Comfort Systems USA (NYSE:FIX) had its target price decreased by analysts at KeyCorp from $2,125.00 to $1,979.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “overweight” rating on the construction company’s stock. KeyCorp‘s price objective would suggest a potential upside of 70.79% from the stock’s current price.

FIX has been the topic of a number of other research reports. DA Davidson started coverage on Comfort Systems USA in a research note on Friday, August 21st. They issued a “buy” rating and a $2,100.00 target price on the stock. Stifel Nicolaus set a $1,910.00 price target on Comfort Systems USA and gave the company a “buy” rating in a research report on Monday, July 27th. UBS Group set a $1,900.00 price target on Comfort Systems USA in a research report on Monday. Weiss Ratings lowered Comfort Systems USA from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday. Finally, Zacks Research cut Comfort Systems USA from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 5th. Eight investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Comfort Systems USA presently has an average rating of “Moderate Buy” and a consensus target price of $1,995.00.

Comfort Systems USA Stock Down 0.2%

Comfort Systems USA stock opened at $1,158.74 on Monday. Comfort Systems USA has a fifty-two week low of $841.66 and a fifty-two week high of $2,073.99. The stock has a market cap of $40.54 billion, a PE ratio of 25.02 and a beta of 1.66. The firm’s 50-day simple moving average is $1,604.64 and its 200 day simple moving average is $1,729.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.13 and a current ratio of 1.15.

Comfort Systems USA (NYSE:FIX) last issued its quarterly earnings data on Thursday, October 22nd. The construction company reported $13.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.85 by $1.06. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.40 billion. Comfort Systems USA had a net margin of 13.01% and a return on equity of 55.24%. The firm’s quarterly revenue was up 53.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $8.25 EPS. Research analysts predict that Comfort Systems USA will post 48.80 EPS for the current fiscal year.

Insider Buying and Selling

In other Comfort Systems USA news, Director Franklin Myers sold 4,000 shares of the business’s stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $1,693.92, for a total value of $6,775,680.00. Following the transaction, the director directly owned 8,495 shares in the company, valued at $14,389,850.40. The trade was a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian E. Lane sold 16,024 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $1,608.21, for a total value of $25,769,957.04. Following the completion of the transaction, the insider owned 145,065 shares of the company’s stock, valued at $233,294,983.65. This represents a 9.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 26,078 shares of company stock worth $43,211,828. Insiders own 1.24% of the company’s stock.

Institutional Investors Weigh In On Comfort Systems USA

Several institutional investors have recently modified their holdings of FIX. BlackRock Inc. bought a new stake in Comfort Systems USA in the 2nd quarter worth about $6,734,037,000. Amundi raised its position in Comfort Systems USA by 114.1% in the 2nd quarter. Amundi now owns 292,904 shares of the construction company’s stock worth $580,521,000 after buying an additional 156,069 shares during the last quarter. Value Aligned Research Advisors LLC raised its position in Comfort Systems USA by 14.0% in the 2nd quarter. Value Aligned Research Advisors LLC now owns 243,607 shares of the construction company’s stock worth $482,817,000 after buying an additional 29,970 shares during the last quarter. Deutsche Bank AG bought a new position in Comfort Systems USA during the 2nd quarter valued at about $443,751,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Comfort Systems USA by 38.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 201,945 shares of the construction company’s stock valued at $400,245,000 after acquiring an additional 55,938 shares during the period. 96.51% of the stock is owned by hedge funds and other institutional investors.

About Comfort Systems USA

Comfort Systems USA, Inc (NYSE:FIX) is a provider of mechanical and electrical contracting services for commercial, industrial, and institutional customers. The company designs, installs, maintains, repairs, and replaces heating, ventilation, air conditioning, and temperature-control systems, as well as plumbing, piping, electrical, and related building systems.

Its services support new construction, building renovations, facility upgrades, and ongoing maintenance. Comfort Systems USA also provides specialized services for data centers, manufacturing facilities, healthcare buildings, educational institutions, and other complex commercial and industrial projects.

Founded in 1997 and headquartered in Houston, Texas, the company operates through a network of regional contracting businesses serving customers across the United States.