Stifel Nicolaus Issues Pessimistic Forecast for Comfort Systems USA (NYSE:FIX) Stock Price

Comfort Systems USA (NYSE:FIX) had its target price trimmed by Stifel Nicolaus from $577.00 to $471.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the construction company’s stock.

FIX has been the subject of a number of other reports. StockNews.com raised shares of Comfort Systems USA from a “hold” rating to a “buy” rating in a research report on Saturday, February 15th. UBS Group upped their price objective on shares of Comfort Systems USA from $525.00 to $575.00 and gave the company a “buy” rating in a research report on Monday, December 9th. Sidoti raised shares of Comfort Systems USA from a “neutral” rating to a “buy” rating and set a $552.00 price objective for the company in a research report on Monday. Finally, Northcoast Research started coverage on shares of Comfort Systems USA in a research report on Friday, November 22nd. They issued a “buy” rating and a $525.00 price objective for the company. Six investment 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 price target of $494.60.

Comfort Systems USA Stock Up 2.0 %

Shares of Comfort Systems USA stock opened at $375.01 on Monday. The company has a fifty day moving average price of $439.93 and a 200 day moving average price of $416.50. The company has a current ratio of 1.04, a quick ratio of 1.02 and a debt-to-equity ratio of 0.04. Comfort Systems USA has a twelve month low of $272.92 and a twelve month high of $553.09. The stock has a market cap of $13.35 billion, a price-to-earnings ratio of 25.67 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 earnings per share for the quarter, topping analysts’ consensus estimates of $3.63 by $0.46. Comfort Systems USA had a net margin of 7.43% and a return on equity of 35.28%. The firm had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Equities research analysts forecast that Comfort Systems USA will post 16.85 earnings per share for the current fiscal year.

Comfort Systems USA Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.43%. 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 10.95%.

Institutional Investors Weigh In On Comfort Systems USA

A number of institutional investors have recently modified their holdings of FIX. Signaturefd LLC raised its stake 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 raised its stake in shares of Comfort Systems USA by 11.6% in the 3rd quarter. Private Advisor Group LLC now owns 1,055 shares of the construction company’s stock valued at $412,000 after purchasing an additional 110 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Comfort Systems USA by 215.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 16,407 shares of the construction company’s stock valued at $6,404,000 after purchasing an additional 11,213 shares in the last quarter. Highland Capital Management LLC acquired a new stake in Comfort Systems USA during the third quarter worth about $276,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Comfort Systems USA during the third quarter worth about $1,024,000. Institutional investors and hedge funds 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.