SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Consensus Rating of “Hold” from Brokerages

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have received an average rating of “Hold” from the twelve analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $160.10.

A number of analysts recently weighed in on SITE shares. Stifel Nicolaus raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $157.00 price objective for the company in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, April 30th. Weiss Ratings lowered shares of SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 6th. Zacks Research raised shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Bank of America lowered their price objective on shares of SiteOne Landscape Supply from $182.00 to $167.00 and set a “buy” rating for the company in a research note on Monday, April 20th.

SiteOne Landscape Supply Stock Up 0.1%

Shares of SITE opened at $113.48 on Tuesday. The firm has a market capitalization of $5.03 billion, a P/E ratio of 33.67, a P/E/G ratio of 1.48 and a beta of 1.42. SiteOne Landscape Supply has a 12-month low of $109.10 and a 12-month high of $168.56. The company has a current ratio of 2.33, a quick ratio of 0.96 and a debt-to-equity ratio of 0.39. The firm has a fifty day moving average price of $129.63 and a 200-day moving average price of $134.39.

SiteOne Landscape Supply (NYSE:SITE) last issued its earnings results on Wednesday, April 29th. The industrial products company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.27). The company had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $982.27 million. SiteOne Landscape Supply had a net margin of 3.24% and a return on equity of 9.22%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.61) earnings per share. Equities research analysts expect that SiteOne Landscape Supply will post 4.18 earnings per share for the current year.

Institutional Trading of SiteOne Landscape Supply

Hedge funds have recently added to or reduced their stakes in the business. Comerica Bank lifted its stake in SiteOne Landscape Supply by 24.4% in the fourth quarter. Comerica Bank now owns 134,716 shares of the industrial products company’s stock worth $16,780,000 after acquiring an additional 26,436 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in SiteOne Landscape Supply in the third quarter worth about $1,932,000. Magnetar Financial LLC raised its holdings in SiteOne Landscape Supply by 41.0% in the third quarter. Magnetar Financial LLC now owns 46,669 shares of the industrial products company’s stock worth $6,011,000 after purchasing an additional 13,572 shares in the last quarter. Interval Partners LP bought a new position in SiteOne Landscape Supply in the third quarter worth about $12,720,000. Finally, 59 North Capital Management LP bought a new position in SiteOne Landscape Supply in the third quarter worth about $214,417,000.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.