SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $149.70 Consensus Target Price from Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) has been assigned a consensus recommendation of "Hold" from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $149.70.

A number of research firms have recently weighed in on SITE. Stifel Nicolaus reissued a "hold" rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. StockNews.com raised SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Sunday, March 16th. Loop Capital decreased their target price on shares of SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a research note on Friday, April 4th. UBS Group dropped their price target 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, Deutsche Bank Aktiengesellschaft started coverage on shares of SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 price target on the stock.

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Hedge Funds Weigh In On SiteOne Landscape Supply

A number of institutional investors have recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of SiteOne Landscape Supply by 52.9% in the 3rd quarter. FMR LLC now owns 5,336 shares of the industrial products company's stock worth $805,000 after acquiring an additional 1,846 shares in the last quarter. MML Investors Services LLC boosted its position in shares of SiteOne Landscape Supply by 4.1% in the 3rd quarter. MML Investors Services LLC now owns 6,676 shares of the industrial products company's stock worth $1,007,000 after purchasing an additional 264 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company's stock worth $32,000 after buying an additional 100 shares during the last quarter. Barclays PLC increased 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 buying an additional 20,134 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in SiteOne Landscape Supply by 0.5% in the third quarter. Geode Capital Management LLC now owns 717,975 shares of the industrial products company's stock worth $108,381,000 after acquiring an additional 3,434 shares in the last quarter.

SiteOne Landscape Supply Price Performance

SITE traded down $0.84 during midday trading on Monday, hitting $114.12. The stock had a trading volume of 518,663 shares, compared to its average volume of 404,117. SiteOne Landscape Supply has a 1 year low of $101.25 and a 1 year high of $167.04. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The business has a fifty day moving average of $125.55 and a 200 day moving average of $136.62. The company has a market cap of $5.13 billion, a P/E ratio of 42.42 and a beta of 1.62.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its 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, equities analysts forecast 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.