Comfort Systems USA (NYSE:FIX) Given New $471.00 Price Target at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX) had its target price lowered by Stifel Nicolaus from $577.00 to $471.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the construction company’s stock. Stifel Nicolaus’ price target would suggest a potential upside of 31.83% from the stock’s current price.

A number of other analysts also recently weighed in on FIX. StockNews.com upgraded Comfort Systems USA from a “hold” rating to a “buy” rating in a report on Saturday, February 15th. Sidoti upgraded Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price target for the company in a research note on Monday. UBS Group raised their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the stock a “buy” rating in a report on Monday, December 9th. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price target on the stock. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Comfort Systems USA has an average rating of “Buy” and a consensus target price of $494.60.

Comfort Systems USA Price Performance

FIX stock traded down $6.72 during mid-day trading on Monday, hitting $357.28. The stock had a trading volume of 167,278 shares, compared to its average volume of 514,229. Comfort Systems USA has a 52 week low of $272.92 and a 52 week high of $553.09. The firm has a fifty day simple moving average of $444.90 and a 200 day simple moving average of $415.30. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $12.72 billion, a P/E ratio of 24.45 and a beta of 1.22.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, beating analysts’ consensus estimates of $3.63 by $0.46. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates 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, research analysts forecast that Comfort Systems USA will post 16.85 EPS for the current year.

Institutional Investors Weigh In On Comfort Systems USA

Large investors have recently added to or reduced their stakes in the company. Hollencrest Capital Management purchased a new stake in Comfort Systems USA in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its stake in 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 acquiring an additional 77 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings 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 worth $36,000 after purchasing an additional 55 shares during the period. Colonial Trust Co SC increased its stake in shares of 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 in the last quarter. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Comfort Systems USA by 131.1% during 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 during the last quarter. Institutional investors own 96.51% of the company’s stock.

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.