Comfort Systems USA, Inc (NYSE:FIX) price on Friday, February 28, rose 1.88% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $363.33.
A look at the stock’s price movement, the close in the last trading session was $356.63. The PE ratio in trailing twelve months stood at 24.88. Turning to its 52-week performance, $553.09 and $272.92 were the 52-week high and 52-week low respectively. Overall, FIX moved -14.79% over the past month.
Comfort Systems USA, Inc’s market cap currently stands at around $12.92 billion, with investors looking forward to this quarter’s earnings report slated for in April. The company has a Forward Dividend ratio of 1.20, with its dividend yield at 0.33%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 1.75B for the company’s revenue for the quarter, with a low and high estimate of 1.7B and 1.83B respectively. The average forecast suggests up to a 13.94% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 7.71B, representing a 9.66% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that FIX is a 50% Sell. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
The technical evaluation for the stock shows the PEG ratio is 1.69, with FIX’s current price about -10.35% and -16.90% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.02, while 7-day volatility ratio is 6.18% and 5.39% in the 30-day chart. Further, Comfort Systems USA, Inc (FIX) has a beta value of 1.25, and an average true range (ATR) of 23.83. Analysts have given the company’s stock an average 52-week price target of $575, forecast between a low of $575 and high of $575. Looking at the price targets, the low is -58.26% off current price level while to achieve the yearly target high, price needs to move -58.26%. Nonetheless, investors will most likely welcome a -58.26% jump to $575 which is the analysts’ median price.
If we refocus on Comfort Systems USA, Inc (NYSE:FIX), historical trading data shows that trading volumes averaged 455.90K over the past 3 months. The company’s latest data on shares outstanding shows there are 35.56 million shares.
The 1.51% of Comfort Systems USA, Inc’s shares are in the hands of company insiders while institutional holders own 96.33% of the company’s shares. Current price change has pushed the stock -14.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the FIX stock continues to rise going into the next quarter.
