SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $160.10 Average PT from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been assigned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six 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 $160.10.

A number of research firms have weighed in on SITE. Bank of America cut their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating on the stock in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Thursday, April 30th. UBS Group assumed coverage on SiteOne Landscape Supply in a research report on Friday, April 10th. They issued a “neutral” rating and a $140.00 target price for the company. Stifel Nicolaus raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 target price for the company in a research report on Monday, May 4th. Finally, Barclays decreased their target price on SiteOne Landscape Supply from $150.00 to $148.00 and set an “equal weight” rating for the company in a research report on Thursday, April 30th.

Institutional Trading of SiteOne Landscape Supply

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wasatch Advisors LP raised its position in SiteOne Landscape Supply by 11.4% in the 3rd quarter. Wasatch Advisors LP now owns 2,177,446 shares of the industrial products company’s stock valued at $280,455,000 after purchasing an additional 222,959 shares during the last quarter. Bamco Inc. NY raised its position in SiteOne Landscape Supply by 3.1% in the 4th quarter. Bamco Inc. NY now owns 2,028,366 shares of the industrial products company’s stock valued at $252,653,000 after purchasing an additional 61,490 shares during the last quarter. 59 North Capital Management LP purchased a new stake in SiteOne Landscape Supply in the 3rd quarter valued at $214,417,000. Capital World Investors raised its position in SiteOne Landscape Supply by 37.9% in the 4th quarter. Capital World Investors now owns 1,402,337 shares of the industrial products company’s stock valued at $174,675,000 after purchasing an additional 385,666 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in SiteOne Landscape Supply by 2.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,106,701 shares of the industrial products company’s stock valued at $147,313,000 after purchasing an additional 31,684 shares during the last quarter.

SiteOne Landscape Supply Stock Down 1.7%

Shares of SiteOne Landscape Supply stock opened at $113.48 on Tuesday. The company has a quick ratio of 0.96, a current ratio of 2.33 and a debt-to-equity ratio of 0.39. SiteOne Landscape Supply has a 52-week low of $109.10 and a 52-week high of $168.56. The company has a 50 day moving average of $129.97 and a 200 day moving average of $134.41. The company has a market capitalization of $5.03 billion, a P/E ratio of 33.67, a P/E/G ratio of 1.48 and a beta of 1.42.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). SiteOne Landscape Supply had a return on equity of 9.22% and a net margin of 3.24%.The company had revenue of $940.10 million for the quarter, compared to analyst estimates of $982.27 million. During the same period in the previous year, the business posted ($0.61) EPS. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, research analysts forecast that SiteOne Landscape Supply will post 4.18 EPS for the current fiscal year.

SiteOne Landscape Supply Company Profile

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.