Brokerages Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Price Target at $150.70

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned an average rating of “Hold” from the thirteen research firms that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $150.70.

Several research firms have recently issued reports on SITE. Zacks Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Wall Street Zen raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Barclays upped their price objective on shares of SiteOne Landscape Supply from $106.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday. Royal Bank Of Canada upped their price objective on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a research note on Thursday. Finally, Loop Capital upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the stock from $150.00 to $160.00 in a research report on Friday, September 19th.

SiteOne Landscape Supply Stock Down 0.0%

SiteOne Landscape Supply stock opened at $129.70 on Friday. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 42.11, a P/E/G ratio of 2.11 and a beta of 1.60. 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 has a fifty-two week low of $101.25 and a fifty-two week high of $160.74. The firm has a fifty day moving average price of $132.37 and a two-hundred day moving average price of $127.58.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results 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. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.97 EPS. As a group, analysts forecast that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several large investors have recently bought and sold shares of SITE. HM Payson & Co. bought a new stake in SiteOne Landscape Supply in the first quarter valued at approximately $25,000. Allworth Financial LP grew its position in SiteOne Landscape Supply by 61.2% in the second quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock valued at $29,000 after purchasing 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 $32,000. Golden State Wealth Management LLC lifted its stake in SiteOne Landscape Supply by 106.1% in the first quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 139 shares during the last quarter. Finally, Eastern Bank acquired a new stake in SiteOne Landscape Supply in the first quarter valued at $38,000.

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.