Brokerages Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Target Price at $154.56

SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned an average rating of “Hold” from the nine research firms that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $154.56.

SITE has been the topic of a number of recent analyst reports. Robert W. Baird lowered their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. UBS Group lowered 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 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 upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. Finally, Royal Bank of Canada upped their price objective 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.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently added to or reduced their stakes in SITE. KBC Group NV grew its stake in shares of 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 purchasing an additional 224 shares during the last quarter. OneDigital Investment Advisors LLC bought a new stake in shares of SiteOne Landscape Supply in the 3rd quarter valued at about $278,000. CIBC Asset Management Inc acquired a new stake in shares of SiteOne Landscape Supply in the third quarter valued at about $200,000. Pathstone Holdings LLC raised its position in shares of SiteOne Landscape Supply by 12.9% during the third quarter. Pathstone Holdings LLC now owns 16,761 shares of the industrial products company’s stock worth $2,529,000 after acquiring an additional 1,914 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of SiteOne Landscape Supply during the third quarter worth about $1,906,000.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $128.41 on Thursday. 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 business has a 50-day moving average of $134.31 and a 200-day moving average of $139.84. The stock has a market capitalization of $5.77 billion, a price-to-earnings ratio of 47.74 and a beta of 1.69. SiteOne Landscape Supply has a fifty-two week low of $114.60 and a fifty-two week high of $186.42.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS 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, sell-side analysts predict that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal 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.