SiteOne Landscape Supply Inc. (SITE) Receives Consensus Rating of “Buy” from Analysts
SiteOne Landscape Supply Inc. (NYSE:SITE) has earned a consensus recommendation of “Buy” from the six brokerages that are currently covering the firm. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $34.00.
A number of equities research analysts have recently issued reports on the company. Robert W. Baird assumed coverage on SiteOne Landscape Supply in a research note on Sunday, June 26th. They issued a “buy” rating for the company. Deutsche Bank AG reiterated a “buy” rating and issued a $33.00 target price on shares of SiteOne Landscape Supply in a research note on Saturday, June 25th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $37.00 target price (up previously from $32.00) on shares of SiteOne Landscape Supply in a research note on Thursday, June 23rd.
SiteOne Landscape Supply (NYSE:SITE) traded down 1.54% on Tuesday, reaching $33.15. The company’s stock had a trading volume of 96,329 shares. The company’s market capitalization is $1.31 billion. The firm’s 50 day moving average price is $37.21 and its 200-day moving average price is $34.91. SiteOne Landscape Supply has a 52 week low of $25.49 and a 52 week high of $40.97.
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SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, August 17th. The company reported ($3.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.78 by $3.96. The business earned $513.40 million during the quarter, compared to the consensus estimate of $481.50 million. SiteOne Landscape Supply’s revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.59 EPS. On average, equities analysts predict that SiteOne Landscape Supply will post ($2.94) EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of SITE. Strs Ohio acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth approximately $132,000. American International Group Inc. acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth approximately $228,000. DIAM Co. Ltd. acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth approximately $272,000. Lombard Odier Asset Management USA Corp acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth approximately $340,000. Finally, Rhumbline Advisers acquired a new position in shares of SiteOne Landscape Supply during the second quarter worth approximately $341,000. 30.65% of the stock is owned by hedge funds and other institutional investors.
SiteOne Landscape Supply Company Profile
SiteOne Landscape Supply, Inc is a wholesale distributor of landscape supplies in the United States. The Company, through its North American network of approximately 460 branch locations in over 40 states and five provinces, offers a selection of approximately 90,000 stock keeping units (SKUs), including irrigation supplies, fertilizer and control products, landscape accessories, nursery goods, hardscapes (including pavers, natural stones and blocks), outdoor lighting and ice melt products.
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