Today’s Market Runner: Comfort Systems USA, Inc. Sets 52-Week High; Strong Momentum for Holders

Today's Market Runner: Comfort Systems USA, Inc. Sets 52 Week High; Strong Momentum for Holders

The stock of Comfort Systems USA, Inc. (NYSE:FIX) hit a new 52-week high and has $35.46 target or 4.00% above today’s $34.10 share price. The 8 months bullish chart indicates low risk for the $1.29 billion company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $35.46 price target is reached, the company will be worth $51.60M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.34% or $0.45 during the last trading session, hitting $34.1. About 100,246 shares traded hands. Comfort Systems USA, Inc. (NYSE:FIX) has risen 1.17% since April 22, 2016 and is uptrending. It has underperformed by 4.24% the S&P500.

Analysts await Comfort Systems USA, Inc. (NYSE:FIX) to report earnings on February, 28. They expect $0.47 earnings per share, up 34.29% or $0.12 from last year’s $0.35 per share. FIX’s profit will be $17.78 million for 18.14 P/E if the $0.47 EPS becomes a reality. After $0.54 actual earnings per share reported by Comfort Systems USA, Inc. for the previous quarter, Wall Street now forecasts -12.96% negative EPS growth.

Comfort Systems USA, Inc. (NYSE:FIX) Ratings Coverage

Out of 2 analysts covering Comfort Systems USA (NYSE:FIX), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. Comfort Systems USA has been the topic of 4 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Hold” rating by BB&T Capital given on Friday, October 30. The stock has “Buy” rating given by Sidoti on Tuesday, August 11. The rating was upgraded by Sidoti to “Buy” on Friday, January 8. The company was upgraded on Friday, August 12 by Sidoti.

According to Zacks Investment Research, “Comfort Systems USA, Inc. is a national provider of comprehensive heating, ventilation and air conditioning installation, maintenance, repair and replacement services. They operate primarily in the commercial and industrial HVAC markets, and perform most of their services within manufacturing plants, office buildings, retail centers, apartment complexes, and healthcare, education and government facilities.”

Insitutional Activity: The institutional sentiment decreased to 0.83 in Q2 2016. Its down 0.08, from 0.91 in 2016Q1. The ratio fall, as 23 funds sold all Comfort Systems USA, Inc. shares owned while 72 reduced positions. 24 funds bought stakes while 62 increased positions. They now own 35.11 million shares or 8.13% less from 38.22 million shares in 2016Q1.
The Missouri-based Stifel Financial Corp has invested 0.03% in Comfort Systems USA, Inc. (NYSE:FIX). The Illinois-based Deere Co has invested 0.07% in Comfort Systems USA, Inc. (NYSE:FIX). Financial Bank Of Montreal Can last reported 0% of its portfolio in the stock. Rosenblum Silverman Sutton S F Ca accumulated 0.18% or 11,450 shares. Bridgeway Mgmt, a Texas-based fund reported 189,600 shares. Invesco Limited accumulated 141,246 shares or 0% of the stock. Public Employees Retirement Association Of Colorado reported 267,334 shares or 0.07% of all its holdings. Teachers Retirement Of The State Of Kentucky holds 15,400 shares or 0.01% of its portfolio. Wells Fargo And Mn holds 312,749 shares or 0% of its portfolio. Envestnet Asset owns 8,773 shares or 0% of their US portfolio. Moreover, Alliancebernstein Lp has 0% invested in Comfort Systems USA, Inc. (NYSE:FIX) for 93,617 shares. Credit Suisse Ag accumulated 0% or 35,662 shares. Farmers Merchants Investments has invested 0% of its portfolio in Comfort Systems USA, Inc. (NYSE:FIX). Balyasny Asset Mgmt Ltd Liability Company holds 6,600 shares or 0% of its portfolio. The Pennsylvania-based Glenmede Tru Na has invested 0% in Comfort Systems USA, Inc. (NYSE:FIX).

Insider Transactions: Since June 6, 2016, the stock had 4 buys, and 4 insider sales for $216,376 net activity. $114,280 worth of shares were bought by MYERS FRANKLIN on Monday, August 29. 3,000 shares were sold by Krusi Alan, worth $85,285 on Tuesday, November 1. Shares for $180,196 were sold by Tang Vance W. $191,380 worth of Comfort Systems USA, Inc. (NYSE:FIX) was sold by GIARDENELLI ALFRED J JR.

More news for Comfort Systems USA, Inc. (NYSE:FIX) were recently published by: Marketwatch.com, which released: “Comfort Systems upgraded to buy from neutral at Sidoti & Co.” on November 22, 2009. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: Comfort Systems USA, Rollins and Interface” and published on November 04, 2016 is yet another important article.

FIX Company Profile

Comfort Systems USA, Inc., incorporated on December 12, 1996, is a well-known 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. The Firm installs, maintains, repairs and replaces products and systems throughout its approximately 35 operating units in 81 cities and 89 locations throughout the United States. The Firm operates primarily in the commercial, industrial and institutional HVAC markets and offers services for the industrial, healthcare, education, office, technology, retail and government facilities.

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