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

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have earned a consensus recommendation of "Hold" from the nine brokerages that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $154.56.

Several equities analysts have commented on the stock. Royal Bank of Canada raised 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 research report on Thursday, February 13th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a "hold" rating to a "buy" rating and raised their target price for the company from $145.00 to $175.00 in a research note on Friday, December 6th. Robert W. Baird reduced their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. UBS Group dropped their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of SiteOne Landscape Supply from a "hold" rating to a "sell" rating in a research note on Thursday, February 13th.

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Institutional Trading of SiteOne Landscape Supply

Several institutional investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its position in SiteOne Landscape Supply by 71.2% during the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock valued at $7,304,000 after acquiring an additional 20,134 shares in the last quarter. Holocene Advisors LP raised its position in SiteOne Landscape Supply by 38.2% in the 3rd quarter. Holocene Advisors LP now owns 51,625 shares of the industrial products company's stock valued at $7,791,000 after purchasing an additional 14,269 shares in the last quarter. Algert Global LLC increased its stake in shares of SiteOne Landscape Supply by 375.4% during the third quarter. Algert Global LLC now owns 29,506 shares of the industrial products company's stock worth $4,453,000 after buying an additional 23,300 shares during the period. Janus Henderson Group PLC raised its holdings in shares of SiteOne Landscape Supply by 36.5% in the 3rd quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company's stock valued at $7,512,000 after purchasing an additional 13,314 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in SiteOne Landscape Supply by 16.4% in the third quarter. Oppenheimer Asset Management Inc. now owns 35,269 shares of the industrial products company's stock valued at $5,322,000 after buying an additional 4,970 shares in the last quarter.

SiteOne Landscape Supply Trading Down 0.7 %

NYSE:SITE traded down $0.96 during midday trading on Friday, hitting $131.33. 83,815 shares of the company traded hands, compared to its average volume of 371,649. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply has a 12-month low of $114.60 and a 12-month high of $188.01. The firm's fifty day moving average is $137.19 and its 200-day moving average is $141.65. The firm has a market capitalization of $5.91 billion, a P/E ratio of 48.88 and a beta of 1.57.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings results 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 return on equity of 7.93% and a net margin of 2.72%. On average, sell-side analysts predict that SiteOne Landscape Supply will post 3.61 EPS 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.