Shares of SiteOne Landscape Supply Inc (NYSE:SITE) have earned an average recommendation of “Buy” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $66.00.

Several research firms have recently issued reports on SITE. UBS raised their price target on shares of SiteOne Landscape Supply from $54.00 to $66.00 and gave the company a “buy” rating in a research note on Friday, November 10th. Robert W. Baird lifted their target price on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. Barclays lifted their target price on shares of SiteOne Landscape Supply from $48.00 to $56.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 9th. SunTrust Banks lifted their target price on shares of SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Finally, Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th.

SiteOne Landscape Supply (SITE) opened at $71.82 on Friday. The stock has a market cap of $2,860.00 and a price-to-earnings ratio of 64.63. SiteOne Landscape Supply has a 52 week low of $32.81 and a 52 week high of $75.66. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.21 and a current ratio of 2.69.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.14). The business had revenue of $502.40 million for the quarter, compared to the consensus estimate of $506.28 million. SiteOne Landscape Supply had a net margin of 2.49% and a return on equity of 26.42%. SiteOne Landscape Supply’s revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.36 EPS. sell-side analysts forecast that SiteOne Landscape Supply will post 1.23 EPS for the current fiscal year.

In other SiteOne Landscape Supply news, EVP Ross Anker sold 41,824 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $69.09, for a total value of $2,889,620.16. Following the completion of the sale, the executive vice president now directly owns 88,881 shares in the company, valued at $6,140,788.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Joseph Ketter sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $71.67, for a total transaction of $179,175.00. Following the completion of the sale, the vice president now owns 7,716 shares of the company’s stock, valued at $553,005.72. The disclosure for this sale can be found here. Insiders have sold 94,887 shares of company stock valued at $6,704,265 in the last three months. 4.00% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Baillie Gifford & Co. acquired a new stake in SiteOne Landscape Supply in the second quarter worth $211,293,000. Vanguard Group Inc. grew its holdings in shares of SiteOne Landscape Supply by 58.4% during the second quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock valued at $136,330,000 after buying an additional 965,336 shares during the last quarter. FMR LLC grew its holdings in shares of SiteOne Landscape Supply by 288.4% during the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after buying an additional 1,498,436 shares during the last quarter. BlackRock Inc. grew its holdings in shares of SiteOne Landscape Supply by 126.1% during the second quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock valued at $104,833,000 after buying an additional 1,123,148 shares during the last quarter. Finally, Bamco Inc. NY grew its holdings in shares of SiteOne Landscape Supply by 11.2% during the third quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock valued at $99,974,000 after buying an additional 172,650 shares during the last quarter.

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SiteOne Landscape Supply Company Profile

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.

Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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