Zacks: Comfort Systems USA, Inc. (FIX) Given $37.00 Average Target Price by Brokerages

Comfort Systems USA, Inc. (NYSE:FIX) has received an average broker rating score of 0.00 () from the four analysts that cover the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a strong buy recommendation on the company.

Brokers have set a 1 year consensus price objective of $37.00 for the company and are forecasting that the company will post $0.25 EPS for the current quarter, according to Zacks. Zacks has also assigned Comfort Systems USA an industry rank of 32 out of 265 based on the ratings given to its competitors.

Several brokerages have weighed in on FIX. DA Davidson reaffirmed a “neutral” rating on shares of Comfort Systems USA in a research report on Monday, February 27th. Zacks Investment Research raised Comfort Systems USA from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Tuesday, February 28th. Finally, Macquarie began coverage on Comfort Systems USA in a research report on Friday, January 13th. They set an “outperform” rating on the stock.

Shares of Comfort Systems USA (NYSE:FIX) opened at 36.10 on Thursday. The company has a 50 day moving average price of $35.26 and a 200-day moving average price of $32.04. The stock has a market capitalization of $1.34 billion, a P/E ratio of 20.99 and a beta of 1.28. Comfort Systems USA has a 52-week low of $26.05 and a 52-week high of $39.67.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, February 23rd. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The company had revenue of $392.10 million for the quarter, compared to the consensus estimate of $412.38 million. Comfort Systems USA had a return on equity of 17.22% and a net margin of 3.76%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. On average, analysts predict that Comfort Systems USA will post $1.88 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 21st. Shareholders of record on Friday, March 10th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Wednesday, March 8th. Comfort Systems USA’s dividend payout ratio is currently 17.28%.

In other Comfort Systems USA news, Chairman Franklin Myers bought 3,500 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were purchased at an average cost of $37.82 per share, for a total transaction of $132,370.00. Following the transaction, the chairman now directly owns 190,000 shares of the company’s stock, valued at $7,185,800. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Alan Krusi sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, February 1st. The shares were sold at an average price of $33.93, for a total value of $101,790.00. The disclosure for this sale can be found here. Insiders have sold a total of 39,769 shares of company stock worth $1,453,312 over the last ninety days. 3.49% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Origin Asset Management LLP acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $289,000. Norges Bank acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $16,423,000. Thrivent Financial for Lutherans boosted its stake in Comfort Systems USA by 0.5% in the fourth quarter. Thrivent Financial for Lutherans now owns 214,149 shares of the company’s stock worth $7,131,000 after buying an additional 1,060 shares during the period. Foresters Investment Management Company Inc. acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $3,437,000. Finally, Wexford Capital LP acquired a new stake in Comfort Systems USA during the fourth quarter worth approximately $395,000. Hedge funds and other institutional investors own 93.99% of the company’s stock.

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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. It installs, maintains and repairs products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States.

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