Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Target Price at $152.10

SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $152.10.

A number of research firms have issued reports on SITE. Stifel Nicolaus set a $140.00 price target on SiteOne Landscape Supply in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 8th. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their target price for the stock from $150.00 to $160.00 in a research report on Friday, September 19th. The Goldman Sachs Group cut their price target on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a report on Monday, October 13th. Finally, Royal Bank Of Canada boosted their price objective on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $135.82 on Tuesday. 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 firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 44.10, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60. SiteOne Landscape Supply has a one year low of $101.25 and a one year high of $156.93. The company has a 50 day moving average price of $126.43 and a 200 day moving average price of $128.92.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. The company had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. SiteOne Landscape Supply had a net margin of 2.98% and a return on equity of 8.62%. The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.97 EPS. Sell-side analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SITE. Avantax Advisory Services Inc. boosted its position in shares of SiteOne Landscape Supply by 14.4% in the first quarter. Avantax Advisory Services Inc. now owns 9,753 shares of the industrial products company’s stock worth $1,184,000 after buying an additional 1,224 shares during the period. Cetera Investment Advisers lifted its position in SiteOne Landscape Supply by 8.0% during the 1st quarter. Cetera Investment Advisers now owns 10,941 shares of the industrial products company’s stock worth $1,329,000 after acquiring an additional 809 shares in the last quarter. HB Wealth Management LLC boosted its holdings in SiteOne Landscape Supply by 120.3% in the 1st quarter. HB Wealth Management LLC now owns 3,585 shares of the industrial products company’s stock worth $435,000 after acquiring an additional 1,958 shares during the period. TD Asset Management Inc boosted its holdings in SiteOne Landscape Supply by 18.3% in the 1st quarter. TD Asset Management Inc now owns 61,389 shares of the industrial products company’s stock worth $7,455,000 after acquiring an additional 9,496 shares during the period. Finally, LPL Financial LLC grew its position in SiteOne Landscape Supply by 10.8% in the first quarter. LPL Financial LLC now owns 29,841 shares of the industrial products company’s stock valued at $3,624,000 after acquiring an additional 2,913 shares in the last quarter.

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.