KeyCorp cuts target for Comfort Systems USA stock to USD 1,979
Published on 10/27/2026 at 10:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQuarterly growth and backlog
- Third-quarter 2026 revenue reached USD 3.77 billion on October 22, 2026.
- Backlog stood at USD 17.81 billion on September 30, 2026.
- Comfort Systems USA stock traded at EUR 1,120.50 at 10:35 a.m. CEST at Lang & Schwarz on October 27, 2026.
Comfort Systems USA (ISIN US1999081045) was at EUR 1,120.50 at Lang & Schwarz on October 27, 2026 at 10:35 a.m. CEST. KeyCorp cut its price target from USD 2,125 to USD 1,979 while maintaining an Overweight rating, MarketBeat reported on October 26, 2026.
Third-quarter results set the tone
Comfort Systems USA reported third-quarter 2026 revenue of USD 3.77 billion on October 22, 2026, up from USD 2.45 billion in the third quarter of 2025. Net income rose to USD 489.0 million from USD 291.6 million, while diluted earnings per share increased to USD 13.91 from USD 8.25, according to the company's release dated October 22, 2026, Comfort Systems USA.
The same release showed operating cash flow of USD 1.01 billion in the quarter, compared with USD 553.3 million a year earlier. Operating income reached USD 624.6 million, lifting the operating margin to 16.6 percent from 15.5 percent in the third quarter of 2025.
Three events reshaped expectations
On October 20, 2026, Goldman Sachs set a USD 1,875 price target, according to MarketBeat. On October 22, 2026, Comfort Systems USA reported USD 3.77 billion in quarterly revenue. On October 26, 2026, KeyCorp cut its target from USD 2,125 to USD 1,979 while keeping Overweight, also reported by MarketBeat.
What does the backlog mean for execution?
Backlog reached USD 17.81 billion on September 30, 2026, versus USD 9.38 billion a year earlier, an increase of 90 percent. The backlog generally covered 18 to 24 months, while labor availability remained a capacity constraint, according to MarketBeat on October 23, 2026.
Next date is November 12
The next dated corporate event is the November 12, 2026 ex-dividend date for a USD 1.00 dividend per share, listed by MarketScreener. The company had increased its quarterly dividend by USD 0.10 during the third quarter.
Stock context after the report
On the NYSE, FIX was last at USD 1,244.19 on October 26, 2026 at 4:00 p.m. EDT. The stock's market capitalization was USD 43.8 billion, with a 52-week range of USD 841.66 to USD 2,073.99.
Comfort Systems USA designs, installs, maintains and repairs mechanical, electrical, plumbing and related building systems for commercial, industrial and institutional customers. The company operates more than 50 operating companies across the United States.
Comfort Systems USA was trading at EUR 1,120.50 at Lang & Schwarz on October 27, 2026 at 10:35 a.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Comfort Systems USA stock.
Comfort Systems USA stock facts
- Company: Comfort Systems USA, Inc.
- ISIN: US1999081045
- Ticker: FIX
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 27, 2026, 10:35 a.m. CEST): EUR 1,120.50
- Market capitalization: USD 43.8 billion (as of October 26, 2026)
- 52-week range: USD 841.66-2,073.99 (as of October 26, 2026)
- Sector / Industry: Construction and Engineering
Market context: Market report S&P 500.
