SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $147.80 Consensus Target Price from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $147.80.

A number of research analysts have commented on SITE shares. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. The Goldman Sachs Group started coverage on shares of SiteOne Landscape Supply in a report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target on the stock. Robert W. Baird raised their price target on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Barclays increased their price target on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Finally, Stifel Nicolaus cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating and set a $150.00 price target for the company. in a report on Thursday, August 1st.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE opened at $143.51 on Friday. SiteOne Landscape Supply has a 52-week low of $114.60 and a 52-week high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm’s fifty day moving average is $145.50 and its two-hundred day moving average is $140.66. The company has a market cap of $6.47 billion, a P/E ratio of 46.44 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.21). The company had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. SiteOne Landscape Supply’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. As a group, analysts anticipate that SiteOne Landscape Supply will post 3.41 EPS for the current fiscal year.

Institutional Trading of SiteOne Landscape Supply

Institutional investors have recently added to or reduced their stakes in the stock. Toronto Dominion Bank acquired a new stake in shares of SiteOne Landscape Supply in the first quarter valued at approximately $29,000. Nomura Asset Management Co. Ltd. increased its holdings in SiteOne Landscape Supply by 90.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after buying an additional 100 shares during the last quarter. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of SiteOne Landscape Supply in the second quarter worth about $27,000. Blue Trust Inc. boosted its holdings in shares of SiteOne Landscape Supply by 287.7% during the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after buying an additional 187 shares during the period. Finally, American National Bank & Trust acquired a new stake in SiteOne Landscape Supply in the 3rd quarter valued at approximately $49,000.

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.