SiteOne Landscape Supply, Inc. (NYSE:SITE) Given Average Recommendation of “Hold” by Analysts

SiteOne Landscape Supply, Inc. (NYSE:SITE) has received a consensus recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $154.56.

A number of research firms have recently commented on SITE. StockNews.com lowered shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research note on Wednesday. Jefferies Financial Group upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their target price for the company from $145.00 to $175.00 in a report on Friday, December 6th. Royal Bank of Canada increased their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Robert W. Baird dropped their price objective on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays upped their target price on SiteOne Landscape Supply from $114.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday, October 31st.

Institutional Trading of SiteOne Landscape Supply

Several large investors have recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. raised its stake in SiteOne Landscape Supply by 90.9% during 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 period. Blue Trust Inc. grew its stake in SiteOne Landscape Supply by 287.7% in 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. Trust Co. of Vermont increased its holdings in shares of SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 250 shares in the last quarter. Tortoise Investment Management LLC raised its position in shares of SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 131 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd acquired a new position in shares of SiteOne Landscape Supply during the fourth quarter worth approximately $40,000.

SiteOne Landscape Supply Trading Down 3.8 %

NYSE SITE opened at $124.65 on Friday. The firm has a market capitalization of $5.61 billion, a PE ratio of 46.34 and a beta of 1.57. The business’s 50-day moving average price is $137.08 and its two-hundred day moving average price is $141.56. 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.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) EPS 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%. On average, analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current 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.