SiteOne Landscape Supply (NYSE:SITE) PT Lowered to $132.00

SiteOne Landscape Supply (NYSE:SITE) had its price objective lowered by Royal Bank of Canada from $133.00 to $132.00 in a research report released on Thursday, Benzinga reports. Royal Bank of Canada currently has a sector perform rating on the industrial products company’s stock.

SITE has been the subject of a number of other reports. Loop Capital decreased their price target on SiteOne Landscape Supply from $155.00 to $140.00 and set a hold rating for the company in a research note on Thursday, June 13th. UBS Group decreased their price target on SiteOne Landscape Supply from $190.00 to $185.00 and set a buy rating for the company in a research note on Tuesday, July 9th. Stifel Nicolaus downgraded SiteOne Landscape Supply from a buy rating to a hold rating and set a $150.00 price target for the company. in a research note on Thursday. Truist Financial raised their price target on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a buy rating in a research note on Thursday. Finally, Jefferies Financial Group decreased their price target on SiteOne Landscape Supply from $160.00 to $125.00 and set a hold rating for the company in a research note on Thursday, July 11th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of Hold and a consensus target price of $144.33.

SiteOne Landscape Supply Stock Down 2.9 %

NYSE:SITE opened at $135.49 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.96 and a current ratio of 2.47. The company has a market cap of $6.11 billion, a PE ratio of 39.27 and a beta of 1.52. SiteOne Landscape Supply has a 52-week low of $114.60 and a 52-week high of $188.01. The stock has a 50-day simple moving average of $133.59 and a 200 day simple moving average of $153.56.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.13. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a return on equity of 10.27% and a net margin of 3.50%. SiteOne Landscape Supply’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $2.71 earnings per share. On average, sell-side analysts expect that SiteOne Landscape Supply will post 3.56 EPS for the current fiscal year.

Institutional Trading of SiteOne Landscape Supply

Hedge funds have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. acquired a new stake in SiteOne Landscape Supply during the 2nd quarter worth approximately $27,000. Toronto Dominion Bank acquired a new stake in SiteOne Landscape Supply during the 1st quarter worth approximately $29,000. Principal Securities Inc. acquired a new stake in SiteOne Landscape Supply during the 4th quarter worth approximately $31,000. GAMMA Investing LLC acquired a new stake in SiteOne Landscape Supply during the 4th quarter worth approximately $38,000. Finally, Benjamin F. Edwards & Company Inc. lifted its holdings in SiteOne Landscape Supply by 588.1% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after purchasing an additional 247 shares during the last quarter.

About SiteOne Landscape Supply

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.