SiteOne Landscape Supply, Inc. (NYSE:SITE) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Friday.

A number of other brokerages have also recently issued reports on SITE. Johnson Rice started coverage on SiteOne Landscape Supply in a report on Monday, May 15th. They set an “accumulate” rating on the stock. Zacks Investment Research lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Deutsche Bank AG reaffirmed a “buy” rating and set a $60.00 price target (up previously from $55.00) on shares of SiteOne Landscape Supply in a research report on Thursday, August 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $63.00 price target on shares of SiteOne Landscape Supply in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. SiteOne Landscape Supply currently has an average rating of “Hold” and a consensus price target of $54.50.

Shares of SiteOne Landscape Supply (SITE) opened at 51.63 on Friday. The firm has a market cap of $2.05 billion, a P/E ratio of 48.25 and a beta of 2.07. SiteOne Landscape Supply has a 12-month low of $26.60 and a 12-month high of $53.87. The firm’s 50-day moving average price is $51.15 and its 200 day moving average price is $48.92.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.04. SiteOne Landscape Supply had a return on equity of 27.37% and a net margin of 2.46%. The company had revenue of $608.60 million for the quarter, compared to the consensus estimate of $607.94 million. During the same quarter last year, the business posted ($3.18) EPS. SiteOne Landscape Supply’s quarterly revenue was up 18.5% on a year-over-year basis. On average, equities analysts expect that SiteOne Landscape Supply will post $1.31 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BB&T Corp raised its position in shares of SiteOne Landscape Supply by 1.5% during the second quarter. BB&T Corp now owns 6,998 shares of the industrial products company’s stock worth $364,000 after purchasing an additional 103 shares during the period. Stifel Financial Corp raised its position in shares of SiteOne Landscape Supply by 0.7% during the second quarter. Stifel Financial Corp now owns 21,869 shares of the industrial products company’s stock worth $1,138,000 after purchasing an additional 160 shares during the period. American International Group Inc. raised its position in shares of SiteOne Landscape Supply by 7.1% during the first quarter. American International Group Inc. now owns 7,165 shares of the industrial products company’s stock worth $347,000 after purchasing an additional 473 shares during the period. Pier Capital LLC raised its position in shares of SiteOne Landscape Supply by 0.4% during the first quarter. Pier Capital LLC now owns 161,988 shares of the industrial products company’s stock worth $7,842,000 after purchasing an additional 566 shares during the period. Finally, Suntrust Banks Inc. raised its position in shares of SiteOne Landscape Supply by 9.8% during the second quarter. Suntrust Banks Inc. now owns 6,658 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 592 shares during the period.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.

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