SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives $150.10 Average Target Price from Brokerages

SiteOne Landscape Supply, Inc. (NYSE:SITE) has been assigned an average rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $150.10.

A number of research firms recently weighed in on SITE. Loop Capital raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their price target for the company from $150.00 to $160.00 in a report on Friday, September 19th. Bank of America assumed coverage on SiteOne Landscape Supply in a research note on Thursday, December 18th. They set a “buy” rating and a $147.00 target price for the company. William Blair reiterated a “market perform” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, October 15th. Royal Bank Of Canada upgraded SiteOne Landscape Supply from a “sector perform” rating to an “outperform” rating and set a $151.00 price objective for the company in a research note on Thursday, January 8th. Finally, Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 26th.

Institutional Trading of SiteOne Landscape Supply

Several institutional investors have recently added to or reduced their stakes in SITE. Mitchell & Pahl Private Wealth LLC grew its holdings in SiteOne Landscape Supply by 2.0% during the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 5,915 shares of the industrial products company’s stock worth $737,000 after acquiring an additional 118 shares in the last quarter. Pallas Capital Advisors LLC bought a new position in shares of SiteOne Landscape Supply during the fourth quarter worth about $304,000. SG Americas Securities LLC grew its stake in SiteOne Landscape Supply by 1,772.5% in the fourth quarter. SG Americas Securities LLC now owns 104,541 shares of the industrial products company’s stock worth $13,022,000 after purchasing an additional 98,958 shares in the last quarter. True Wealth Design LLC increased its holdings in SiteOne Landscape Supply by 541.9% in the fourth quarter. True Wealth Design LLC now owns 199 shares of the industrial products company’s stock valued at $25,000 after buying an additional 168 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in SiteOne Landscape Supply by 94.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 14,744 shares of the industrial products company’s stock valued at $1,915,000 after buying an additional 7,160 shares in the last quarter.

SiteOne Landscape Supply Stock Performance

Shares of NYSE:SITE opened at $147.91 on Wednesday. The business’s 50-day simple moving average is $130.98 and its 200 day simple moving average is $131.76. The company has a market cap of $6.59 billion, a P/E ratio of 48.02, a PEG ratio of 1.58 and a beta of 1.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.14 and a current ratio of 2.49. SiteOne Landscape Supply has a one year low of $101.25 and a one year high of $154.00.

SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, October 29th. The industrial products company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.22 by $0.09. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. SiteOne Landscape Supply had a return on equity of 8.62% and a net margin of 2.98%.SiteOne Landscape Supply’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. On average, sell-side 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 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.