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Investing.com - UBS raised its price target on Comfort Systems USA (NYSE:FIX) to $1,140.00 from $875.00 on Monday, while maintaining a Buy rating on the stock following the company’s strong third-quarter performance. According to InvestingPro data, the company boasts a perfect Piotroski Score of 9, indicating exceptional financial strength, while maintaining a robust 26.3% revenue growth over the last twelve months.
Comfort Systems shares jumped 18% on Friday after the mechanical and electrical building systems provider reported its quarterly results, which featured backlog increasing sequentially by more than $1 billion for the second consecutive quarter. This momentum has contributed to an impressive 124% total return over the past year, with the stock currently trading near its 52-week high.
UBS noted that the strong results and substantial backlog expansion indicate a robust demand pipeline for technology and manufacturing projects, which continues to exceed the available labor supply in the market.
The investment bank highlighted that Comfort Systems is executing well on projects, leveraging strong demand against pricing and productivity gains to achieve meaningful increases in earnings and cash flow.
UBS raised its estimates for Comfort Systems by approximately 20% for the second quarter in a row, citing the favorable demand backdrop, strength of execution, and the company’s financial algorithm as reasons for maintaining its Buy rating.
In other recent news, Comfort Systems USA reported a strong third-quarter performance for 2025, exceeding both earnings and revenue projections. The company’s earnings per share (EPS) reached $8.25, which was significantly higher than the anticipated $6.25, marking a 32% surprise. Revenue for the quarter was reported at $2.5 billion, surpassing the forecasted $2.13 billion by 15.02%. KeyBanc maintained its Sector Weight rating on Comfort Systems, noting the company’s accelerating top-line growth and expansion in core margins. The firm also highlighted that favorable closeouts contributed positively during the quarter. These developments reflect the company’s robust financial health and suggest continued investor confidence.
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