SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Consensus Rating of “Hold” by Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $147.11.

Several research analysts have issued reports on SITE shares. Stifel Nicolaus lowered their price objective on shares of SiteOne Landscape Supply from $165.00 to $150.00 and set a “buy” rating on the stock in a research report on Monday, June 10th. Jefferies Financial Group lowered their price target on SiteOne Landscape Supply from $160.00 to $125.00 and set a “hold” rating on the stock in a report on Thursday, July 11th. Robert W. Baird reduced their price objective on SiteOne Landscape Supply from $185.00 to $175.00 and set an “outperform” rating for the company in a research note on Wednesday, June 5th. Barclays lowered their target price on SiteOne Landscape Supply from $129.00 to $114.00 and set an “underweight” rating on the stock in a research note on Friday, July 12th. Finally, Loop Capital cut their price target on SiteOne Landscape Supply from $155.00 to $140.00 and set a “hold” rating for the company in a research note on Thursday, June 13th.

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of large investors have recently made changes to their positions in the stock. Toronto Dominion Bank purchased a new position in SiteOne Landscape Supply in the 1st quarter valued at approximately $29,000. Principal Securities Inc. acquired a new position in shares of SiteOne Landscape Supply during the 4th quarter worth $31,000. GAMMA Investing LLC acquired a new position in shares of SiteOne Landscape Supply during the 4th quarter worth $38,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of SiteOne Landscape Supply by 588.1% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 289 shares of the industrial products company’s stock worth $50,000 after buying an additional 247 shares in the last quarter. Finally, YHB Investment Advisors Inc. purchased a new position in SiteOne Landscape Supply during the 1st quarter valued at about $58,000.

SiteOne Landscape Supply Stock Down 2.3 %

SiteOne Landscape Supply stock opened at $140.23 on Friday. The company has a market capitalization of $6.34 billion, a P/E ratio of 40.65 and a beta of 1.52. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.96 and a current ratio of 2.36. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $188.01. The stock has a 50-day simple moving average of $137.63 and a 200-day simple moving average of $155.03.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, May 1st. The industrial products company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.22). The firm had revenue of $904.80 million for the quarter, compared to analyst estimates of $864.01 million. SiteOne Landscape Supply had a return on equity of 10.77% and a net margin of 3.63%. The company’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the firm earned ($0.10) EPS. Equities research analysts expect that SiteOne Landscape Supply will post 3.81 earnings per share 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.