SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Consensus Rating of “Hold” from Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has received a consensus rating of “Hold” from the ten ratings firms that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $147.80.

A number of equities research analysts recently issued reports on the stock. Royal Bank of Canada dropped their price objective on shares of SiteOne Landscape Supply from $133.00 to $132.00 and set a “sector perform” rating for the company in a report on Thursday, August 1st. Barclays increased their price target on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research note on Thursday, October 31st. The Goldman Sachs Group assumed coverage on SiteOne Landscape Supply in a report on Thursday, October 10th. They issued a “neutral” rating and a $158.00 price objective on the stock. StockNews.com raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Robert W. Baird upped their price target on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th.

SiteOne Landscape Supply Trading Down 1.1 %

SITE opened at $138.54 on Friday. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 44.80 and a beta of 1.53. The company’s 50 day simple moving average is $145.24 and its two-hundred day simple moving average is $140.76. SiteOne Landscape Supply has a 1-year low of $114.60 and a 1-year high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings data 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). The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.19 billion. SiteOne Landscape Supply had a return on equity of 9.21% and a net margin of 3.16%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.25 EPS. Analysts expect that SiteOne Landscape Supply will post 3.41 EPS 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 SITE. Coldstream Capital Management Inc. acquired a new position in shares of SiteOne Landscape Supply in the third quarter worth $251,000. Geode Capital Management LLC boosted its holdings in SiteOne Landscape Supply by 0.5% in the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company’s stock valued at $108,381,000 after purchasing an additional 3,434 shares during the period. Barclays PLC boosted its holdings in SiteOne Landscape Supply by 71.2% in the third quarter. Barclays PLC now owns 48,398 shares of the industrial products company’s stock valued at $7,304,000 after purchasing an additional 20,134 shares during the period. Nomura Asset Management Co. Ltd. grew its stake 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 worth $32,000 after purchasing an additional 100 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in SiteOne Landscape Supply by 4.1% during the 3rd quarter. MML Investors Services LLC now owns 6,676 shares of the industrial products company’s stock worth $1,007,000 after purchasing an additional 264 shares during the period.

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.