KeyCorp Upgrades Comfort Systems USA (NYSE:FIX) to Overweight

Comfort Systems USA (NYSE:FIX) was upgraded by analysts at KeyCorp from a “sector weight” rating to an “overweight” rating in a note issued to investors on Friday, MarketBeat reports. The brokerage currently has a $2,004.00 target price on the construction company’s stock. KeyCorp’s price target suggests a potential upside of 16.25% from the stock’s current price.

A number of other analysts also recently issued reports on FIX. Stifel Nicolaus raised their price target on shares of Comfort Systems USA from $1,611.00 to $1,819.00 and gave the stock a “buy” rating in a report on Thursday, April 16th. UBS Group restated a “buy” rating and set a $1,310.00 price target on shares of Comfort Systems USA in a report on Monday, February 2nd. Glj Research began coverage on shares of Comfort Systems USA in a report on Monday, April 20th. They set a “buy” rating and a $2,001.00 price target for the company. DA Davidson raised their price target on shares of Comfort Systems USA from $1,200.00 to $1,800.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. Finally, Wall Street Zen downgraded shares of Comfort Systems USA from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 3rd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $1,786.80.

Comfort Systems USA Stock Down 2.8%

Shares of NYSE FIX opened at $1,723.89 on Friday. The company has a 50 day simple moving average of $1,463.45 and a 200-day simple moving average of $1,162.59. The company has a market capitalization of $60.65 billion, a P/E ratio of 49.74 and a beta of 1.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.21 and a quick ratio of 1.19. Comfort Systems USA has a 1 year low of $380.00 and a 1 year high of $1,829.66.

Comfort Systems USA (NYSE:FIX) last announced its quarterly earnings results on Thursday, April 23rd. The construction company reported $10.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.81 by $3.70. The business had revenue of $2.87 billion during the quarter, compared to the consensus estimate of $2.39 billion. Comfort Systems USA had a net margin of 12.07% and a return on equity of 55.17%. The business’s revenue was up 56.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.75 EPS. On average, equities research analysts predict that Comfort Systems USA will post 37.06 earnings per share for the current year.

Insiders Place Their Bets

In other Comfort Systems USA news, Director Franklin Myers sold 8,636 shares of the business’s stock in a transaction on Wednesday, February 25th. The shares were sold at an average price of $1,472.56, for a total value of $12,717,028.16. Following the completion of the transaction, the director owned 73,995 shares in the company, valued at $108,962,077.20. The trade was a 10.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director William J. Sandbrook sold 2,500 shares of the business’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $1,443.32, for a total transaction of $3,608,300.00. Following the completion of the transaction, the director owned 9,166 shares of the company’s stock, valued at approximately $13,229,471.12. This trade represents a 21.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 37,288 shares of company stock valued at $53,677,038. Corporate insiders own 1.59% of the company’s stock.

Hedge Funds Weigh In On Comfort Systems USA

Several institutional investors have recently modified their holdings of FIX. Quent Capital LLC acquired a new position in shares of Comfort Systems USA in the third quarter worth $25,000. Ameriflex Group Inc. grew its stake in shares of Comfort Systems USA by 100.0% in the third quarter. Ameriflex Group Inc. now owns 30 shares of the construction company’s stock worth $25,000 after acquiring an additional 15 shares in the last quarter. Core Wealth Advisors LLC acquired a new position in shares of Comfort Systems USA in the fourth quarter worth $28,000. Eastern Bank purchased a new stake in shares of Comfort Systems USA during the 3rd quarter worth $31,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Comfort Systems USA during the 4th quarter worth $33,000. Institutional investors and hedge funds own 96.51% of the company’s stock.

Comfort Systems USA News Roundup

Here are the key news stories impacting Comfort Systems USA this week:

• Positive Sentiment: Q1 results materially beat expectations — EPS $10.51 vs. consensus near $6.80 and revenue $2.87B vs. ~$2.39B; net income and operating cash inflows surged, supporting margin expansion and stronger near‑term visibility. Press Release
• Positive Sentiment: Backlog and sector mix are driving growth — management highlighted heavy technology/data‑center activity that pushed backlog higher and underpinned revenue growth and demand visibility. Coverage and summaries note the data-center boom as a key tailwind. Data-Center Backlog Article
• Positive Sentiment: Dividend raised — board increased the quarterly dividend to $0.80 (14.3% rise), a signal of confidence in cash flow and capital allocation. Dividend Release
• Positive Sentiment: Analyst upgrade — KeyCorp moved FIX to “overweight” and set a $2,004 price target, providing further buy‑side support and a sizable upside projection from recent levels. Analyst Upgrade
• Neutral Sentiment: Earnings coverage and call materials available — full earnings call transcript and slides provide additional detail for investors assessing sustainability of margins and project burn rates. (Earnings call transcript) Earnings Transcript
• Negative Sentiment: Insider selling — multiple recent senior‑executive sales have been reported, which can fuel short‑term selling pressure and investor caution even as fundamentals improve. Insider Activity
• Negative Sentiment: Valuation and momentum risks — FIX trades at an elevated multiple after the rally (high P/E and recent 52‑week high), leaving the stock exposed to profit‑taking if future quarters don’t sustain the current pace. 52-Week High Coverage

About Comfort Systems USA

Comfort Systems USA, Inc is a U.S.-based mechanical contracting company that provides a range of heating, ventilation and air conditioning (HVAC) services to commercial, industrial and institutional customers. The company focuses on the design, installation, maintenance and repair of HVAC systems, and it supports projects from initial engineering and system selection through long-term service agreements and upgrades.

Its service offerings include new construction and retrofit installations, preventive and corrective maintenance, emergency repair, energy management and building automation systems.