Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Price Target at $150.70

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $150.70.

SITE has been the topic of several recent analyst reports. Royal Bank Of Canada lifted their price target on shares of SiteOne Landscape Supply from $143.00 to $151.00 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Wall Street Zen raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their price target for the stock from $150.00 to $160.00 in a research note on Friday, September 19th. The Goldman Sachs Group lowered their price objective on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Finally, William Blair reaffirmed a “market perform” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 15th.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of institutional investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of SiteOne Landscape Supply by 12.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,079,615 shares of the industrial products company’s stock valued at $738,309,000 after buying an additional 660,081 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its position in SiteOne Landscape Supply by 31.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 2,092,742 shares of the industrial products company’s stock valued at $254,143,000 after acquiring an additional 494,737 shares during the period. AQR Capital Management LLC boosted its stake in SiteOne Landscape Supply by 743.5% during the second quarter. AQR Capital Management LLC now owns 441,192 shares of the industrial products company’s stock worth $52,440,000 after acquiring an additional 388,890 shares in the last quarter. Bamco Inc. NY grew its holdings in SiteOne Landscape Supply by 14.2% in the second quarter. Bamco Inc. NY now owns 1,941,817 shares of the industrial products company’s stock worth $234,843,000 after purchasing an additional 242,106 shares during the period. Finally, Jackson Square Partners LLC grew its holdings in SiteOne Landscape Supply by 2,732.2% in the first quarter. Jackson Square Partners LLC now owns 176,755 shares of the industrial products company’s stock worth $21,465,000 after purchasing an additional 170,514 shares during the period.

SiteOne Landscape Supply Stock Down 1.7%

Shares of NYSE:SITE opened at $122.12 on Friday. The stock’s 50-day moving average is $130.73 and its 200 day moving average is $127.70. The company has a market cap of $5.44 billion, a PE ratio of 39.65, a P/E/G ratio of 2.02 and a beta of 1.60. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.49 and a quick ratio of 1.14. SiteOne Landscape Supply has a 1 year low of $101.25 and a 1 year high of $160.74.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings data 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 firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.The business’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. Sell-side analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS for the current year.

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.