WallStreetZenWallStreetZen

Comfort Systems USA Receives Strong Buy Rating on Solid Q2 Performance

By Don Francis, Editor
July 30, 2023 6:40 AM UTC
Comfort Systems USA Receives Strong Buy Rating on Solid Q2 Performance

DA Davidson's Brent Thielman raised their price target on Comfort Systems USA Inc (NYSE: FIX) by 8.57% from $175.00 to $190.00 on 2023/07/28. The analyst maintained their Strong Buy rating on the stock.

Thielman summarized Comfort Systems USA's Q2 2023, released on July 26, 2023, as "another strong quarter supported by solid underlying business momentum." This positive assessment of the company's performance in the second quarter reflects the analyst's belief in the sustainability of the company's momentum going forward. According to Thielman, Comfort Systems USA has "ample bookings prospects across its traditional services and Modular offerings," which further supports their optimistic outlook.

The recent analyst rating reveals that 100.00% of top-rated analysts currently rate FIX as a Strong Buy. No analysts are calling the stock a Buy, and none see it as a Hold. Moreover, no analysts either recommend or strongly recommend that investors sell the stock. This high percentage of Strong Buy ratings underscores the confidence analysts have in the company's future prospects.

Looking ahead, the consensus forecast among analysts is that FIX's upcoming year will deliver earnings per share (EPS) of $5.91. If the analysts' predictions are accurate, FIX's next yearly EPS will be down by 13.09% on a year-over-year basis. While this decrease in EPS may seem discouraging, it is important to note that Comfort Systems USA has been experiencing significant stock price growth.

Since the company's last quarterly report, the stock price has surged by an impressive 352.48%. Furthermore, on a year-over-year basis, FIX's stock has seen a remarkable increase of 78.62%. These figures demonstrate that Comfort Systems USA has outperformed the broader market, as the S&P 500 has only risen by 13.88% during the same period.

Brent Thielman, the DA Davidson analyst who provided the updated rating and price target, has an impressive track record as an analyst. Ranked in the top 3% out of 4,285 Wall Street analysts by WallStreetZen, Thielman boasts an average return of 34.52% and a win rate of 74.47%. Their expertise lies in the Basic Materials, Communication Services, and Industrials sectors.

Comfort Systems USA, Inc. is a company that specializes in providing heating, ventilation, and air conditioning (HVAC) installation, maintenance, repair, and replacement services primarily in the commercial, industrial, and institutional HVAC markets. The company was formed in 1997 and is headquartered in Houston, TX. In addition to standard HVAC services, Comfort Systems USA also offers specialized applications such as building automation control systems, fire protection, process cooling, electronic monitoring, and process piping.

Many investors find analysts' recommendations and price targets to be useful data points. However, different investors have different priorities and risk profiles. All investors should conduct their own investment due diligence before buying a stock.

Get free updates on FIX

WallStreetZen tracks the performance of nearly 4,000 Wall Street analysts, whom we rank by average returns, frequency, and win-rate (backtested over multiple years).

Create a free watchlist and be the first to know when top-rated Wall Street analysts revise their FIX stock forecast.

Want to get in touch? Email us at news@wallstreetzen.com.

WallStreetZen and Don Francis do not hold any positions in the companies mentioned in this article. The information and statistics provided herein are presented for general informational purposes only and may not be accurate, complete, or up-to-date. It should not be interpreted as a recommendation to buy or sell any stocks and should not be solely relied upon for making investment decisions. It does not take into account your financial situation or risk profile. All investors should conduct their own investment due diligence before buying a stock. WallStreetZen expressly disclaims any liability for the accuracy, reliability, or completeness of the analysts' information, price targets, ratings, or opinions.

WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.