Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Target Price at $147.80

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been given an average rating of “Hold” by the ten analysts that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $147.80.

SITE has been the subject of several analyst reports. Royal Bank of Canada lowered their price objective on SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a research note on Thursday, August 1st. Truist Financial raised their price objective on SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Barclays upped their target price on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the stock an “underweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group initiated coverage on shares of SiteOne Landscape Supply in a research report on Thursday, October 10th. They set a “neutral” rating and a $158.00 price target on the stock. Finally, Robert W. Baird upped their price objective on shares of SiteOne Landscape Supply from $168.00 to $183.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th.

SiteOne Landscape Supply Trading Down 1.5 %

NYSE SITE opened at $140.60 on Friday. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply has a 52 week low of $114.60 and a 52 week high of $188.01. The business has a 50 day moving average price of $145.12 and a 200-day moving average price of $140.85. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 45.50 and a beta of 1.53.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, October 30th. The industrial products company reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.18 by ($0.21). SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter last year, the firm posted $1.25 EPS. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, equities analysts expect that SiteOne Landscape Supply will post 3.41 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SiteOne Landscape Supply

Several large investors have recently added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of SiteOne Landscape Supply in the second quarter valued at approximately $27,000. Toronto Dominion Bank bought a new stake in SiteOne Landscape Supply during the 1st quarter valued at $29,000. Nomura Asset Management Co. Ltd. raised its holdings in SiteOne Landscape Supply by 90.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Blue Trust Inc. lifted its position in shares of SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 187 shares in the last quarter. Finally, American National Bank & Trust bought a new position in shares of SiteOne Landscape Supply in the third quarter worth $49,000.

SiteOne Landscape Supply Company Profile

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.