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

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

SITE has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a report on Thursday, October 31st. Royal Bank of Canada increased their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. StockNews.com cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Wednesday. UBS Group decreased their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Finally, Robert W. Baird dropped their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday, February 13th.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of large investors have recently modified their holdings of SITE. Nomura Asset Management Co. Ltd. grew its holdings in shares of 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 valued at $32,000 after purchasing an additional 100 shares during the last quarter. Blue Trust Inc. boosted its position in SiteOne Landscape Supply by 287.7% in the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after buying an additional 187 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after buying an additional 250 shares during the last quarter. Tortoise Investment Management LLC grew its stake in shares of SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after buying an additional 131 shares during the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth $40,000.

SiteOne Landscape Supply Stock Performance

SITE opened at $124.65 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The company has a market capitalization of $5.61 billion, a price-to-earnings ratio of 46.34 and a beta of 1.57. SiteOne Landscape Supply has a 1 year low of $114.60 and a 1 year high of $188.01. The business’s 50-day moving average price is $137.08 and its two-hundred day moving average price is $141.56.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Equities analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

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.