Brokerages Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Target Price at $145.70

SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned a consensus recommendation of “Hold” from the ten research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $145.70.

Several research firms recently commented on SITE. UBS Group cut their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Barclays cut their price objective on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They issued a “hold” rating and a $135.00 price objective on the stock. Royal Bank of Canada cut their price objective on shares of SiteOne Landscape Supply from $136.00 to $130.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 1st. Finally, Stifel Nicolaus cut their price objective on shares of SiteOne Landscape Supply from $145.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, April 28th.

SiteOne Landscape Supply Trading Down 0.6%

SITE opened at $120.69 on Friday. The firm’s fifty day moving average is $118.34 and its two-hundred day moving average is $132.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm has a market cap of $5.41 billion, a PE ratio of 44.87 and a beta of 1.62. SiteOne Landscape Supply has a twelve month low of $101.25 and a twelve month high of $161.25.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The firm had revenue of $939.40 million during the quarter, compared to analyst estimates of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted ($0.43) earnings per share. Equities research analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS for the current year.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in SiteOne Landscape Supply by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 4,162,578 shares of the industrial products company’s stock worth $548,503,000 after buying an additional 49,256 shares in the last quarter. Wasatch Advisors LP lifted its position in SiteOne Landscape Supply by 9.7% during the 4th quarter. Wasatch Advisors LP now owns 1,731,098 shares of the industrial products company’s stock worth $228,107,000 after buying an additional 153,447 shares in the last quarter. Bamco Inc. NY lifted its position in SiteOne Landscape Supply by 4.6% during the 4th quarter. Bamco Inc. NY now owns 1,652,772 shares of the industrial products company’s stock worth $217,786,000 after buying an additional 72,430 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in SiteOne Landscape Supply by 6.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,598,005 shares of the industrial products company’s stock worth $210,570,000 after buying an additional 91,719 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its stake in shares of SiteOne Landscape Supply by 1.4% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,183,574 shares of the industrial products company’s stock worth $143,733,000 after purchasing an additional 16,120 shares during the last quarter.

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.