Alert: Positive Investment/Fundamental Signals (12/4/23)-Comfort Systems USA Inc. (NYSE: FIX)

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Comfort Systems USA Inc. (NYSE: FIX). Important positive changes in investment behavior have recently occurred: the stock’s recent price rise disrupted its longer term downtrend.

Notable positive changes in Comfort Systems USA Inc. (NYSE: FIX) fundamentals have recently occurred: the consensus estimate for December, 2023 increased significantly, significant quarterly sales acceleration occurred, and the consensus estimate for December, 2024 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

FIX’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.

Comfort Systems USA has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Comfort Systems USA has a slightly negative Appreciation Score of 35 but a very high Power Rating of 99, leading to the Positive Value Trend Rating.

Recent Price Action

On 12/4/23, Comfort Systems USA Inc. (NYSE: FIX) stock declined by -3.9%, closing at $188.96. Moreover, this decline was accompanied by unusually high trading volume at 171% of normal. The stock has declined -5.0% during the last week but has been exceptionally strong relative to the market over the last nine months.

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