SiteOne Landscape Supply (NYSE:SITE) Upgraded at Barclays

Barclays upgraded shares of SiteOne Landscape Supply (NYSE:SITE) from an underweight rating to an equal weight rating in a report published on Monday, Marketbeat reports. They currently have $134.00 price objective on the industrial products company’s stock, up from their prior price objective of $120.00.

SITE has been the topic of a number of other research reports. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 26th. Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their price target on SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. The Goldman Sachs Group lowered their price objective on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research note on Monday, October 13th. Finally, Stifel Nicolaus set a $140.00 price objective on SiteOne Landscape Supply in a report on Monday, November 17th. Four investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, SiteOne Landscape Supply has an average rating of “Hold” and a consensus price target of $151.11.

SiteOne Landscape Supply Stock Up 3.5%

SITE stock opened at $129.94 on Monday. SiteOne Landscape Supply has a fifty-two week low of $101.25 and a fifty-two week high of $154.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14. The stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 42.19, a PEG ratio of 2.04 and a beta of 1.60. The business’s fifty day moving average price is $126.49 and its two-hundred day moving average price is $129.53.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 EPS for the quarter, beating the consensus estimate of $1.22 by $0.09. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the prior year, the company posted $0.97 earnings per share. SiteOne Landscape Supply’s revenue was up 4.1% compared to the same quarter last year. On average, equities analysts anticipate that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of large investors have recently modified their holdings of the business. Allworth Financial LP raised its holdings in shares of SiteOne Landscape Supply by 61.2% during the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after buying an additional 90 shares in the last quarter. Brooklyn Investment Group bought a new position in SiteOne Landscape Supply in the first quarter valued at about $32,000. NewEdge Advisors LLC grew its position in SiteOne Landscape Supply by 36.6% in the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares during the last quarter. HM Payson & Co. raised its stake in SiteOne Landscape Supply by 32.2% during the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock worth $51,000 after acquiring an additional 97 shares in the last quarter. Finally, Danske Bank A S bought a new position in shares of SiteOne Landscape Supply in the third quarter worth about $52,000.

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.