SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $147.80 Consensus PT from Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $147.80.

Several research firms have weighed in on SITE. Robert W. Baird boosted their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Barclays lifted their price objective on SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a report on Thursday, October 31st. StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Thursday, November 7th. Royal Bank of Canada decreased their price target on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 1st. Finally, The Goldman Sachs Group began coverage on SiteOne Landscape Supply in a research report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective for the company.

SiteOne Landscape Supply Stock Down 1.5 %

Shares of NYSE SITE opened at $140.60 on Friday. SiteOne Landscape Supply has a 12 month low of $114.60 and a 12 month high of $188.01. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 45.50 and a beta of 1.53. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average of $145.12 and a 200-day moving average of $140.85.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The firm had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.19 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. SiteOne Landscape Supply’s revenue for the quarter was up 5.6% compared to the same quarter last year. Sell-side analysts expect that SiteOne Landscape Supply will post 3.41 earnings per share for the current fiscal year.

Institutional Trading of SiteOne Landscape Supply

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its holdings in SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 1,577,651 shares of the industrial products company’s stock worth $238,083,000 after purchasing an additional 161,846 shares in the last quarter. Bank of New York Mellon Corp raised its stake in SiteOne Landscape Supply by 49.3% in the second quarter. Bank of New York Mellon Corp now owns 479,581 shares of the industrial products company’s stock worth $58,226,000 after buying an additional 158,350 shares in the last quarter. Bamco Inc. NY lifted its holdings in SiteOne Landscape Supply by 8.9% in the third quarter. Bamco Inc. NY now owns 1,580,342 shares of the industrial products company’s stock worth $238,489,000 after buying an additional 129,252 shares during the period. Lord Abbett & CO. LLC bought a new stake in SiteOne Landscape Supply during the 1st quarter valued at approximately $21,860,000. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of SiteOne Landscape Supply by 130.9% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 198,214 shares of the industrial products company’s stock worth $24,065,000 after acquiring an additional 112,362 shares during the period.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.