SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $149.70 Average Target Price from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given an average recommendation of “Hold” by the ten ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $149.70.

Several research firms have weighed in on SITE. Barclays cut their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an “underweight” rating for the company in a report on Tuesday, April 8th. UBS Group reduced their target price on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Royal Bank of Canada increased their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Robert W. Baird reduced their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday, March 16th.

Institutional Trading of SiteOne Landscape Supply

A number of institutional investors have recently made changes to their positions in the business. Azzad Asset Management Inc. ADV raised its stake in SiteOne Landscape Supply by 6.4% in the first quarter. Azzad Asset Management Inc. ADV now owns 2,751 shares of the industrial products company’s stock valued at $334,000 after buying an additional 166 shares during the last quarter. Fifth Third Bancorp increased its holdings in shares of SiteOne Landscape Supply by 4.9% during the first quarter. Fifth Third Bancorp now owns 3,595 shares of the industrial products company’s stock valued at $437,000 after acquiring an additional 167 shares in the last quarter. GAMMA Investing LLC raised its position in shares of SiteOne Landscape Supply by 24.3% in the 1st quarter. GAMMA Investing LLC now owns 486 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 95 shares during the last quarter. Fenimore Asset Management Inc boosted its stake in SiteOne Landscape Supply by 9.6% in the 1st quarter. Fenimore Asset Management Inc now owns 149,026 shares of the industrial products company’s stock worth $18,098,000 after purchasing an additional 13,098 shares in the last quarter. Finally, NBC Securities Inc. grew its position in SiteOne Landscape Supply by 114,200.0% during the 1st quarter. NBC Securities Inc. now owns 3,429 shares of the industrial products company’s stock worth $416,000 after purchasing an additional 3,426 shares during the last quarter.

SiteOne Landscape Supply Trading Down 3.6 %

Shares of SITE opened at $109.80 on Monday. SiteOne Landscape Supply has a 1 year low of $101.25 and a 1 year high of $166.34. The company has a 50 day simple moving average of $124.62 and a two-hundred day simple moving average of $136.28. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The firm has a market cap of $4.94 billion, a P/E ratio of 40.82 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. On average, equities analysts expect that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.