Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $55.00.

SITE has been the subject of a number of recent research reports. Deutsche Bank AG reaffirmed a “buy” rating and issued a $60.00 target price (up previously from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday, August 10th. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $63.00 target price on shares of SiteOne Landscape Supply in a report on Friday, August 11th. Johnson Rice initiated coverage on SiteOne Landscape Supply in a report on Monday, May 15th. They issued an “accumulate” rating for the company. Finally, BidaskClub raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Friday.

SiteOne Landscape Supply (NYSE:SITE) traded up 0.29% during trading on Friday, reaching $51.78. 18,032 shares of the company’s stock traded hands. The company has a 50-day moving average of $51.15 and a 200 day moving average of $48.92. SiteOne Landscape Supply has a 12 month low of $26.60 and a 12 month high of $53.87. The stock has a market capitalization of $2.06 billion, a P/E ratio of 48.39 and a beta of 2.07.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.11 by $0.04. SiteOne Landscape Supply had a return on equity of 27.37% and a net margin of 2.46%. The firm had revenue of $608.60 million during the quarter, compared to analyst estimates of $607.94 million. During the same period in the previous year, the company earned ($3.18) EPS. SiteOne Landscape Supply’s revenue for the quarter was up 18.5% on a year-over-year basis. On average, equities research analysts expect that SiteOne Landscape Supply will post $1.31 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “SiteOne Landscape Supply, Inc. (SITE) Given Average Rating of “Hold” by Analysts” was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another website, it was stolen and republished in violation of U.S. and international trademark and copyright legislation. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/09/08/siteone-landscape-supply-inc-site-given-average-rating-of-hold-by-analysts.html.

A number of institutional investors and hedge funds have recently modified their holdings of SITE. Ameritas Investment Partners Inc. grew its position in shares of SiteOne Landscape Supply by 223.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock valued at $153,000 after buying an additional 2,030 shares during the last quarter. Castleark Management LLC bought a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at about $10,014,000. California State Teachers Retirement System grew its position in shares of SiteOne Landscape Supply by 162.9% in the 2nd quarter. California State Teachers Retirement System now owns 60,203 shares of the industrial products company’s stock valued at $3,134,000 after buying an additional 37,300 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of SiteOne Landscape Supply by 166.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,205 shares of the industrial products company’s stock valued at $1,364,000 after buying an additional 16,386 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new stake in shares of SiteOne Landscape Supply in the 2nd quarter valued at about $993,000.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.

Receive News & Ratings for SiteOne Landscape Supply Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply Inc. and related companies with MarketBeat.com's FREE daily email newsletter.