SiteOne Landscape Supply (NYSE:SITE) Price Target Raised to $151.00 at Royal Bank Of Canada

SiteOne Landscape Supply (NYSE:SITE) had its price objective lifted by Royal Bank Of Canada from $143.00 to $151.00 in a research note released on Thursday morning, Marketbeat reports. The brokerage currently has a sector perform rating on the industrial products company’s stock.

SITE has been the topic of several other reports. Weiss Ratings reissued a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research report on Wednesday, October 8th. Zacks Research downgraded SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research report on Tuesday. Barclays upped their target price on SiteOne Landscape Supply from $106.00 to $120.00 and gave the company an “underweight” rating in a research report on Thursday. Loop Capital raised SiteOne Landscape Supply from a “hold” rating to a “buy” rating and upped their target price for the company from $150.00 to $160.00 in a research report on Friday, September 19th. Finally, The Goldman Sachs Group cut their target price on SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating on the stock in a research report on Monday, October 13th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $150.70.

SiteOne Landscape Supply Stock Performance

Shares of SITE stock opened at $129.65 on Thursday. The business’s fifty day simple moving average is $132.72 and its 200-day simple moving average is $127.26. The company has a market cap of $5.78 billion, a PE ratio of 42.09, a PEG ratio of 2.42 and a beta of 1.59. The company has a current ratio of 2.41, a quick ratio of 1.06 and a debt-to-equity ratio of 0.35. SiteOne Landscape Supply has a 12-month low of $101.25 and a 12-month high of $160.74.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The business had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.78% and a net margin of 2.98%.The business’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.97 earnings per share. Analysts expect that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several institutional investors have recently made changes to their positions in SITE. HM Payson & Co. purchased a new position in shares of SiteOne Landscape Supply during the 1st quarter valued at approximately $25,000. Allworth Financial LP boosted its stake in shares of SiteOne Landscape Supply by 61.2% during the 2nd quarter. Allworth Financial LP now owns 237 shares of the industrial products company’s stock worth $29,000 after acquiring an additional 90 shares in the last quarter. Brooklyn Investment Group purchased a new stake in shares of SiteOne Landscape Supply during the 1st quarter worth about $32,000. Golden State Wealth Management LLC boosted its stake in shares of SiteOne Landscape Supply by 106.1% during the 1st quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 139 shares in the last quarter. Finally, Eastern Bank purchased a new stake in shares of SiteOne Landscape Supply during the 1st quarter worth about $38,000.

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.