SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Average Rating of “Hold” from Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been given an average recommendation of “Hold” by the eleven research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $159.4444.

A number of research firms recently weighed in on SITE. Zacks Research lowered shares of SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Stifel Nicolaus set a $144.00 price target on SiteOne Landscape Supply in a research report on Monday, February 9th. Royal Bank Of Canada increased their price objective on SiteOne Landscape Supply from $151.00 to $171.00 and gave the stock an “outperform” rating in a report on Thursday. Bank of America started coverage on SiteOne Landscape Supply in a research note on Thursday, December 18th. They issued a “buy” rating and a $147.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, January 21st.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SITE. 59 North Capital Management LP bought a new stake in SiteOne Landscape Supply during the third quarter valued at $214,417,000. Cartenna Capital LP bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter valued at about $63,756,000. Amundi purchased a new position in shares of SiteOne Landscape Supply during the third quarter worth about $59,763,000. AQR Capital Management LLC increased its position in shares of SiteOne Landscape Supply by 743.5% in the second quarter. AQR Capital Management LLC now owns 441,192 shares of the industrial products company’s stock worth $52,440,000 after purchasing an additional 388,890 shares during the last quarter. Finally, Capital World Investors increased its position in shares of SiteOne Landscape Supply by 37.9% in the fourth quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock worth $174,675,000 after purchasing an additional 385,666 shares during the last quarter.

SiteOne Landscape Supply Trading Down 1.4%

Shares of SiteOne Landscape Supply stock opened at $157.00 on Friday. The stock has a market capitalization of $6.99 billion, a P/E ratio of 46.73, a P/E/G ratio of 1.65 and a beta of 1.59. SiteOne Landscape Supply has a 52-week low of $101.25 and a 52-week high of $168.56. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.49. The stock’s 50-day simple moving average is $138.35 and its 200 day simple moving average is $134.65.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, February 11th. The industrial products company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.29) by $0.09. SiteOne Landscape Supply had a net margin of 3.23% and a return on equity of 9.33%. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned ($0.48) earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, research analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS for the current 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.