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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $154.56.

SITE has been the subject of several analyst reports. UBS Group dropped their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Royal Bank of Canada upped their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Stifel Nicolaus reiterated a “hold” rating and issued a $140.00 target price (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. StockNews.com lowered SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Robert W. Baird dropped their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of institutional investors have recently added to or reduced their stakes in SITE. Blue Trust Inc. grew its position in SiteOne Landscape Supply by 287.7% during the third quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 187 shares during the period. Private Advisor Group LLC boosted its position in shares of SiteOne Landscape Supply by 4.2% in the third quarter. Private Advisor Group LLC now owns 9,249 shares of the industrial products company’s stock worth $1,396,000 after buying an additional 373 shares during the period. International Assets Investment Management LLC boosted its position in shares of SiteOne Landscape Supply by 6,488.6% in the third quarter. International Assets Investment Management LLC now owns 36,369 shares of the industrial products company’s stock worth $5,488,000 after buying an additional 35,817 shares during the period. Arkadios Wealth Advisors boosted its position in shares of SiteOne Landscape Supply by 6.1% in the third quarter. Arkadios Wealth Advisors now owns 1,842 shares of the industrial products company’s stock worth $278,000 after buying an additional 106 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of SiteOne Landscape Supply by 5.6% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,131 shares of the industrial products company’s stock worth $322,000 after buying an additional 113 shares during the period.

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $126.41 on Friday. 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 market cap of $5.68 billion, a price-to-earnings ratio of 46.99 and a beta of 1.57. The business has a fifty day moving average of $136.73 and a 200-day moving average of $141.42. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31.

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