SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $154.56 Consensus Price Target from Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been given a consensus rating of “Hold” by the nine ratings firms that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $154.56.

SITE has been the subject of a number of analyst reports. Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price objective (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Royal Bank of Canada boosted their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Robert W. Baird dropped their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. Finally, UBS Group cut their price objective 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.

SiteOne Landscape Supply Stock Performance

SITE stock opened at $128.41 on Thursday. The firm has a market cap of $5.77 billion, a PE ratio of 47.74 and a beta of 1.69. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The stock has a 50-day moving average price of $134.31 and a 200-day moving average price of $139.84. SiteOne Landscape Supply has a 1-year low of $114.60 and a 1-year high of $186.42.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share 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%. As a group, equities research analysts expect that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

Institutional Investors Weigh In On SiteOne Landscape Supply

Large investors have recently modified their holdings of the stock. KBC Group NV increased its position in SiteOne Landscape Supply by 19.7% in the third quarter. KBC Group NV now owns 1,361 shares of the industrial products company’s stock worth $205,000 after buying an additional 224 shares during the last quarter. OneDigital Investment Advisors LLC purchased a new position in shares of SiteOne Landscape Supply during the 3rd quarter valued at $278,000. CIBC Asset Management Inc purchased a new stake in SiteOne Landscape Supply in the 3rd quarter worth about $200,000. Pathstone Holdings LLC raised its stake in SiteOne Landscape Supply by 12.9% in the 3rd quarter. Pathstone Holdings LLC now owns 16,761 shares of the industrial products company’s stock valued at $2,529,000 after acquiring an additional 1,914 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in SiteOne Landscape Supply during the third quarter valued at about $1,906,000.

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.