SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Average Rating of “Hold” by Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have received an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $150.10.

A number of research firms have recently issued reports on SITE. Weiss Ratings restated a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Zacks Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 26th. Royal Bank Of Canada increased their price objective on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Bank of America assumed coverage on shares of SiteOne Landscape Supply in a report on Thursday, December 18th. They set a “buy” rating and a $147.00 price objective for the company. Finally, Stifel Nicolaus lowered their target price on shares of SiteOne Landscape Supply from $140.00 to $134.00 and set a “hold” rating on the stock in a research note on Tuesday, December 16th.

Institutional Investors Weigh In On SiteOne Landscape Supply

Large investors have recently modified their holdings of the stock. Allworth Financial LP lifted its position in shares of SiteOne Landscape Supply by 61.2% during the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after buying an additional 90 shares during the period. Brooklyn Investment Group acquired a new position in SiteOne Landscape Supply during the first quarter worth $32,000. NewEdge Advisors LLC lifted its holdings in shares of SiteOne Landscape Supply by 36.6% during the first quarter. NewEdge Advisors LLC now owns 399 shares of the industrial products company’s stock valued at $48,000 after acquiring an additional 107 shares during the period. HM Payson & Co. lifted its holdings in shares of SiteOne Landscape Supply by 32.2% during the third quarter. HM Payson & Co. now owns 398 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 97 shares during the period. Finally, Danske Bank A S acquired a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at $52,000.

SiteOne Landscape Supply Stock Up 0.1%

Shares of SITE opened at $127.44 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.49. The company has a 50-day simple moving average of $127.82 and a 200-day simple moving average of $130.19. SiteOne Landscape Supply has a 52 week low of $101.25 and a 52 week high of $154.00. The firm has a market capitalization of $5.68 billion, a P/E ratio of 41.38, a P/E/G ratio of 1.70 and a beta of 1.60.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.97 earnings per share. On average, equities research analysts expect that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.