Royal Bank Of Canada reiterated their buy rating on shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) in a research report sent to investors on Monday morning. Royal Bank Of Canada currently has a $63.00 price target on the industrial products company’s stock.

Several other research firms have also commented on SITE. Deutsche Bank AG reaffirmed a buy rating and set a $60.00 target price (up from $55.00) on shares of SiteOne Landscape Supply in a report on Thursday, August 10th. BidaskClub raised SiteOne Landscape Supply from a hold rating to a buy rating in a report on Friday, September 8th. Finally, Zacks Investment Research lowered SiteOne Landscape Supply from a hold rating to a sell rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $54.50.

SiteOne Landscape Supply (NYSE:SITE) opened at 53.67 on Monday. The stock has a market capitalization of $2.13 billion, a P/E ratio of 50.16 and a beta of 2.07. The firm has a 50 day moving average price of $51.14 and a 200 day moving average price of $49.65. SiteOne Landscape Supply has a 52 week low of $26.60 and a 52 week high of $53.87.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, August 9th. The industrial products company reported $1.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by ($0.04). The company had revenue of $608.60 million for the quarter, compared to the consensus estimate of $607.94 million. SiteOne Landscape Supply had a net margin of 2.46% and a return on equity of 27.37%. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same period last year, the company posted ($3.18) earnings per share. Equities research analysts predict that SiteOne Landscape Supply will post $1.31 earnings per share for the current year.

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A number of hedge funds have recently modified their holdings of the stock. Ameritas Investment Partners Inc. grew its holdings in SiteOne Landscape Supply by 223.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock worth $153,000 after buying an additional 2,030 shares in the last quarter. Castleark Management LLC bought a new position in SiteOne Landscape Supply in the 2nd quarter worth approximately $10,014,000. California State Teachers Retirement System grew its holdings in SiteOne Landscape Supply by 162.9% in the 2nd quarter. California State Teachers Retirement System now owns 60,203 shares of the industrial products company’s stock worth $3,134,000 after buying an additional 37,300 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in SiteOne Landscape Supply by 166.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,205 shares of the industrial products company’s stock worth $1,364,000 after buying an additional 16,386 shares in the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in SiteOne Landscape Supply in the 2nd quarter worth approximately $993,000.

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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