Comfort Systems (NYSE: FIX) is one of 10 Data Center Cooling Companies to Invest in . On December 5, Comfort Systems was selected for inclusion in the S&P 500 Index. The news came after the index’s quarterly rebalancing, meaning FIX will now be included in the S&P 500 Index before the market opens on December 22. The company is one of three tickers that will replace LKQ Corp. (NASDAQ: LKQ), Mohawk Industries Inc. (NYSE: MHK) and Solstice Advanced Materials Inc. (NASDAQ: SOLS).
According to a Dec. 6 Bloomberg report, Matt Maley, chief market strategist at Miller Tabak + Co., mentioned how the stock price tends to rise before the inclusion. This was also seen in the case of Comfort Systems stock. However, he was quick to point out that this growing interest in the title quickly fades once inclusion takes place. For now, the positive momentum since the April low should continue.
Optimism doesn’t just come from the inclusion of the S&P. After reporting a higher third-quarter profit on October 24, FIX received two consecutive upgrades from UBS and Stifel. As it stands, the stock has a consensus rating of Buy with a median price target offering an upside of 15.21% from current levels.
Comfort Systems USA, Inc. (NYSE: FIX) provides mechanical and electrical installation, maintenance, replacement, renovation and repair services. The company operates through electrical and mechanical segments. It provides ventilation, air conditioning and heating systems. It was founded in 1917 and is based in Houston, Texas.
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Disclosure: None. This article was originally published on Initiated Monkey.
