SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Consensus Recommendation of “Hold” from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has received a consensus rating of “Hold” from the thirteen brokerages that are covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $150.10.

Several research firms have weighed in on SITE. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price target for the stock from $150.00 to $160.00 in a research note on Friday, September 19th. Barclays set a $134.00 price objective on SiteOne Landscape Supply and gave the stock an “equal weight” rating in a report on Monday, December 8th. Stifel Nicolaus dropped their target price on SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating for the company in a report on Tuesday. The Goldman Sachs Group reduced their price target on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Finally, William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th.

Institutional Investors Weigh In On SiteOne Landscape Supply

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Swiss Life Asset Management Ltd bought a new stake in SiteOne Landscape Supply in the 3rd quarter worth $270,000. CIBC Bancorp USA Inc. purchased a new stake in shares of SiteOne Landscape Supply during the third quarter worth about $634,000. Danske Bank A S purchased a new stake in shares of SiteOne Landscape Supply during the third quarter worth about $52,000. Caitong International Asset Management Co. Ltd grew its stake in shares of SiteOne Landscape Supply by 249.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 506 shares of the industrial products company’s stock worth $65,000 after purchasing an additional 361 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in SiteOne Landscape Supply during the 3rd quarter valued at about $60,000.

SiteOne Landscape Supply Stock Up 0.7%

Shares of NYSE SITE opened at $128.54 on Friday. The stock has a market capitalization of $5.73 billion, a P/E ratio of 41.73, a PEG ratio of 2.07 and a beta of 1.60. SiteOne Landscape Supply has a one year low of $101.25 and a one year high of $154.00. The firm’s 50 day simple moving average is $127.25 and its two-hundred day simple moving average is $130.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same period in the previous year, the business posted $0.97 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.