SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $147.80 Consensus Target Price from Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) has been given an average rating of "Hold" by the ten research firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $147.80.

Several research firms have recently weighed in on SITE. Truist Financial upped their price objective on shares of SiteOne Landscape Supply from $158.00 to $165.00 and gave the company a "buy" rating in a research note on Thursday, August 1st. Stifel Nicolaus downgraded shares of SiteOne Landscape Supply from a "buy" rating to a "hold" rating and set a $150.00 price target on the stock. in a report on Thursday, August 1st. Barclays raised their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an "underweight" rating in a report on Thursday, October 31st. Robert W. Baird boosted their price objective on SiteOne Landscape Supply from $168.00 to $183.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Finally, StockNews.com raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, November 7th.

Institutional Trading of SiteOne Landscape Supply

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its stake in shares of SiteOne Landscape Supply by 1.7% during the 1st quarter. Russell Investments Group Ltd. now owns 48,365 shares of the industrial products company's stock valued at $8,569,000 after buying an additional 789 shares during the last quarter. US Bancorp DE lifted its position in SiteOne Landscape Supply by 6.2% in the first quarter. US Bancorp DE now owns 4,144 shares of the industrial products company's stock valued at $723,000 after buying an additional 241 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in SiteOne Landscape Supply by 4.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 56,312 shares of the industrial products company's stock valued at $9,829,000 after buying an additional 2,311 shares during the period. SageView Advisory Group LLC acquired a new position in shares of SiteOne Landscape Supply during the 1st quarter worth about $290,000. Finally, Lord Abbett & CO. LLC purchased a new stake in shares of SiteOne Landscape Supply in the 1st quarter valued at about $21,860,000.

SiteOne Landscape Supply Stock Down 1.6 %

SiteOne Landscape Supply stock traded down $2.31 during mid-day trading on Friday, reaching $140.47. The stock had a trading volume of 124,405 shares, compared to its average volume of 363,241. The company has a 50-day moving average price of $144.86 and a two-hundred day moving average price of $141.10. The company has a market capitalization of $6.34 billion, a price-to-earnings ratio of 46.22 and a beta of 1.53. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.18 by ($0.21). The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. SiteOne Landscape Supply had a net margin of 3.16% and a return on equity of 9.21%. The company's revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. On average, analysts expect that SiteOne Landscape Supply will post 3.41 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.