SiteOne Landscape Supply (NYSE:SITE) Price Target Increased to $165.00 by Analysts at Truist Financial

SiteOne Landscape Supply (NYSE:SITE) had its target price increased by Truist Financial from $158.00 to $165.00 in a research note published on Thursday, Benzinga reports. The firm currently has a buy rating on the industrial products company’s stock.

SITE has been the topic of several other research reports. Robert W. Baird dropped their price objective on shares of SiteOne Landscape Supply from $175.00 to $168.00 and set an outperform rating on the stock in a research note on Thursday. UBS Group decreased their target price on shares of SiteOne Landscape Supply from $190.00 to $185.00 and set a buy rating for the company in a research report on Tuesday, July 9th. Barclays reduced their price objective on SiteOne Landscape Supply from $129.00 to $114.00 and set an underweight rating for the company in a research report on Friday, July 12th. Jefferies Financial Group cut their price objective on shares of SiteOne Landscape Supply from $160.00 to $125.00 and set a hold rating on the stock in a research note on Thursday, July 11th. Finally, Stifel Nicolaus lowered shares of 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. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $144.33.

SiteOne Landscape Supply Stock Performance

Shares of SITE traded down $8.58 during mid-day trading on Thursday, hitting $131.01. The stock had a trading volume of 205,294 shares, compared to its average volume of 383,978. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The company has a quick ratio of 0.96, a current ratio of 2.36 and a debt-to-equity ratio of 0.35. The company has a market cap of $5.92 billion, a PE ratio of 40.42 and a beta of 1.52. The company’s fifty day simple moving average is $133.97 and its two-hundred day simple moving average is $153.72.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $2.63 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.13. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. SiteOne Landscape Supply had a net margin of 3.50% and a return on equity of 10.42%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.71 earnings per share. On average, equities analysts expect that SiteOne Landscape Supply will post 3.65 earnings per share for the current year.

Institutional Investors Weigh In On SiteOne Landscape Supply

Hedge funds have recently modified their holdings of the stock. Legacy Capital Group California Inc. lifted its holdings in shares of SiteOne Landscape Supply by 3.2% in the fourth quarter. Legacy Capital Group California Inc. now owns 2,886 shares of the industrial products company’s stock valued at $469,000 after purchasing an additional 90 shares in the last quarter. MJP Associates Inc. ADV lifted its position in SiteOne Landscape Supply by 5.7% in the 2nd quarter. MJP Associates Inc. ADV now owns 1,707 shares of the industrial products company’s stock worth $207,000 after buying an additional 92 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of SiteOne Landscape Supply by 5.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,018 shares of the industrial products company’s stock valued at $245,000 after buying an additional 98 shares during the period. Equitable Trust Co. grew its holdings in shares of SiteOne Landscape Supply by 3.0% during the 2nd quarter. Equitable Trust Co. now owns 3,558 shares of the industrial products company’s stock valued at $432,000 after acquiring an additional 103 shares in the last quarter. Finally, Hills Bank & Trust Co increased its stake in shares of SiteOne Landscape Supply by 8.7% in the fourth quarter. Hills Bank & Trust Co now owns 1,566 shares of the industrial products company’s stock worth $254,000 after acquiring an additional 125 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.