Comfort Systems USA (NYSE:FIX) Price Target Cut to $471.00 by Analysts at Stifel Nicolaus

Comfort Systems USA (NYSE:FIX - Free Report) had its target price lowered by Stifel Nicolaus from $577.00 to $471.00 in a research note issued to investors on Monday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the construction company's stock.

Other equities analysts have also 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 on the stock in a research report on Monday. Northcoast Research initiated coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They set a "buy" rating and a $525.00 price objective on the stock. StockNews.com raised shares of Comfort Systems USA from a "hold" rating to a "buy" rating in a report on Saturday, February 15th. Finally, UBS Group raised their price target on Comfort Systems USA from $525.00 to $575.00 and gave the stock a "buy" rating in a report on Monday, December 9th. Six analysts have rated the stock with a buy rating, According to data from MarketBeat, Comfort Systems USA has a consensus rating of "Buy" and a consensus target price of $494.60.

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Comfort Systems USA Stock Performance

NYSE FIX traded down $17.52 during trading hours on Monday, hitting $357.28. The company had a trading volume of 663,733 shares, compared to its average volume of 556,806. The business has a 50 day moving average of $439.93 and a 200-day moving average of $416.50. The company has a market cap of $12.70 billion, a PE ratio of 24.45 and a beta of 1.22. Comfort Systems USA has a 1-year low of $272.92 and a 1-year high of $553.09. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04.

Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its earnings results on Thursday, February 20th. The construction company reported $4.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.63 by $0.46. The firm had revenue of $1.87 billion during the quarter, compared to analysts' expectations 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 research analysts expect that Comfort Systems USA will post 16.85 EPS for the current year.

Comfort Systems USA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.45%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Comfort Systems USA's previous quarterly dividend of $0.35. Comfort Systems USA's dividend payout ratio is currently 10.95%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIX. Signaturefd LLC increased its holdings in shares of Comfort Systems USA by 9.3% in the 3rd quarter. Signaturefd LLC now owns 377 shares of the construction company's stock valued at $147,000 after purchasing an additional 32 shares in the last quarter. Private Advisor Group LLC grew its position in Comfort Systems USA by 11.6% during the third quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company's stock worth $412,000 after buying an additional 110 shares during the period. Assenagon Asset Management S.A. increased its holdings in Comfort Systems USA by 215.9% in the third quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company's stock valued at $6,404,000 after buying an additional 11,213 shares in the last quarter. Highland Capital Management LLC acquired a new stake in shares of Comfort Systems USA during the 3rd quarter valued at approximately $276,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth approximately $1,024,000. Hedge funds and other institutional investors own 96.51% of the company's stock.

Comfort Systems USA Company Profile

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.