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.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.41 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.14). The business had revenue of $502.40 million during the quarter, compared to the consensus estimate of $506.28 million. SiteOne Landscape Supply had a return on equity of 26.42% and a net margin of 2.49%. The business’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 earnings per share. sell-side analysts expect that SiteOne Landscape Supply will post 1.23 earnings per share for the current fiscal year.

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.

Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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