Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have received an average recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $55.00.

A number of analysts recently weighed in on SITE shares. BidaskClub upgraded shares of SiteOne Landscape Supply from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 21st. Royal Bank Of Canada reiterated a “buy” rating and issued a $63.00 price target on shares of SiteOne Landscape Supply in a research note on Monday, September 18th. Deutsche Bank AG reiterated a “buy” rating and issued a $60.00 price target (up previously from $55.00) on shares of SiteOne Landscape Supply in a research note on Thursday, August 10th. Finally, Zacks Investment Research cut shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Friday, August 11th.

SiteOne Landscape Supply (NYSE:SITE) opened at 58.95 on Tuesday. The company’s 50-day moving average price is $52.45 and its 200-day moving average price is $50.79. The company has a market capitalization of $2.34 billion, a price-to-earnings ratio of 55.09 and a beta of 2.23. SiteOne Landscape Supply has a 52 week low of $26.60 and a 52 week high of $59.17.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.07 earnings per share 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 analysts’ expectations of $607.94 million. SiteOne Landscape Supply had a return on equity of 27.37% and a net margin of 2.46%. SiteOne Landscape Supply’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter last year, the company earned ($3.18) EPS. Equities analysts forecast that SiteOne Landscape Supply will post $1.31 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. boosted its position in shares of SiteOne Landscape Supply by 223.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,937 shares of the industrial products company’s stock worth $153,000 after acquiring an additional 2,030 shares in the last quarter. Castleark Management LLC purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at about $10,014,000. California State Teachers Retirement System increased its holdings in shares of 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 valued at $3,134,000 after acquiring an additional 37,300 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of 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 valued at $1,364,000 after acquiring an additional 16,386 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at about $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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