Comfort Systems USA (NYSE:FIX - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Tuesday.
Other analysts have also recently issued reports about the company. Sidoti raised Comfort Systems USA from a "neutral" rating to a "buy" rating and set a $552.00 price objective on the stock in a report on Monday, February 24th. Stifel Nicolaus lowered their price objective 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 boosted their target price 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. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $530.75.
View Our Latest Report on FIX
Comfort Systems USA Price Performance
Shares of Comfort Systems USA stock traded down $8.49 on Tuesday, hitting $323.79. 675,400 shares of the company traded hands, compared to its average volume of 422,563. Comfort Systems USA has a 52 week low of $272.93 and a 52 week high of $553.09. The business has a 50-day simple moving average of $393.86 and a 200 day simple moving average of $417.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.02 and a current ratio of 1.04. The stock has a market capitalization of $11.51 billion, a P/E ratio of 22.16 and a beta of 1.24.
Comfort Systems USA (NYSE:FIX - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The construction company reported $4.09 EPS for the quarter, topping the consensus estimate of $3.63 by $0.46. The business had revenue of $1.87 billion for the quarter, compared to analysts' expectations of $1.77 billion. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. Research analysts expect that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Comfort Systems USA
A number of large investors have recently bought and sold shares of FIX. Vanguard Group Inc. lifted its position in shares of Comfort Systems USA by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 3,780,695 shares of the construction company's stock valued at $1,603,242,000 after buying an additional 67,240 shares during the last quarter. FMR LLC grew its holdings in Comfort Systems USA by 9.6% in the fourth quarter. FMR LLC now owns 1,697,035 shares of the construction company's stock worth $719,645,000 after purchasing an additional 148,493 shares during the last quarter. State Street Corp increased its position in shares of Comfort Systems USA by 0.6% during the third quarter. State Street Corp now owns 1,055,561 shares of the construction company's stock worth $412,038,000 after purchasing an additional 6,496 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Comfort Systems USA by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 769,534 shares of the construction company's stock valued at $326,409,000 after purchasing an additional 21,406 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Comfort Systems USA in the 4th quarter worth $217,771,000. Institutional investors own 96.51% of the company's stock.
About Comfort Systems USA
(
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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.
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