Analysts Set SiteOne Landscape Supply, Inc. (SITE) Price Target at $66.00
SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned an average rating of “Buy” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $66.00.
Several analysts have commented on the stock. UBS AG boosted their target price on shares of SiteOne Landscape Supply from $54.00 to $66.00 and gave the stock a “buy” rating in a research report on Friday, November 10th. Barclays PLC upped their price objective on shares of SiteOne Landscape Supply from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th. Robert W. Baird upped their price objective on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. SunTrust Banks, Inc. upped their price objective on shares of SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Zacks Investment Research downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Thursday, November 9th.
SiteOne Landscape Supply (SITE) traded up $0.28 during mid-day trading on Wednesday, reaching $71.91. 65,901 shares of the company’s stock traded hands, compared to its average volume of 382,303. The company has a debt-to-equity ratio of 2.35, a current ratio of 2.69 and a quick ratio of 1.21. The company has a market capitalization of $2,848.57, a P/E ratio of 66.32 and a beta of 2.31. SiteOne Landscape Supply has a 12 month low of $30.87 and a 12 month high of $73.16.
In related news, EVP Ross Anker sold 41,824 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $69.09, for a total transaction of $2,889,620.16. Following the completion of the sale, the executive vice president now directly owns 88,881 shares of the company’s stock, valued at approximately $6,140,788.29. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.00% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP bought a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth $1,228,000. Neuberger Berman Group LLC acquired a new position in SiteOne Landscape Supply during the 3rd quarter valued at $24,028,000. Bamco Inc. NY raised its stake in SiteOne Landscape Supply by 11.2% during the 3rd quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock valued at $99,974,000 after purchasing an additional 172,650 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in SiteOne Landscape Supply during the 3rd quarter valued at $424,000. Finally, ThornTree Capital Partners LP raised its stake in SiteOne Landscape Supply by 8.8% during the 3rd quarter. ThornTree Capital Partners LP now owns 383,676 shares of the industrial products company’s stock valued at $22,292,000 after purchasing an additional 31,000 shares during the last quarter.
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About SiteOne Landscape Supply
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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