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

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

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

Comfort Systems USA Stock Performance

FIX opened at $345.94 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.04 and a debt-to-equity ratio of 0.04. The firm has a market cap of $12.30 billion, a PE ratio of 23.68 and a beta of 1.24. The business has a fifty day simple moving average of $400.94 and a 200-day simple moving average of $418.48. Comfort Systems USA has a fifty-two week low of $272.93 and a fifty-two week high of $553.09.

Comfort Systems USA (NYSE:FIX) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating the consensus estimate of $3.63 by $0.46. The business had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.77 billion. Comfort Systems USA had a return on equity of 35.28% and a net margin of 7.43%. As a group, equities analysts predict that Comfort Systems USA will post 16.85 EPS for the current fiscal year.

Institutional Trading of Comfort Systems USA

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Comfort Systems USA by 1,925.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 81 shares of the construction company’s stock valued at $34,000 after buying an additional 77 shares during the period. Harbor Investment Advisory LLC raised its holdings in shares of Comfort Systems USA by 183.3% during the fourth quarter. Harbor Investment Advisory LLC now owns 85 shares of the construction company’s stock worth $36,000 after acquiring an additional 55 shares in the last quarter. Colonial Trust Co SC boosted its position 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 valued at $36,000 after purchasing an additional 67 shares during the last quarter. Johnson Financial Group Inc. grew its stake in Comfort Systems USA by 131.1% in the fourth quarter. Johnson Financial Group Inc. now owns 104 shares of the construction company’s stock valued at $45,000 after purchasing an additional 59 shares in the last quarter. Finally, Private Trust Co. NA increased its position in Comfort Systems USA by 41.3% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the construction company’s stock worth $45,000 after purchasing an additional 31 shares during the last quarter. 96.51% of the stock is currently owned by institutional investors and hedge funds.

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.