SiteOne Landscape Supply, Inc. (NYSE:SITE) Stock Has Consensus Price Target of $121.00 According to Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE – Get Free Report) have received an average rating of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $121.00.

Several brokerages recently weighed in on SITE. Zacks Research upgraded SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a report on Monday, September 28th. Deutsche Bank Aktiengesellschaft downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating and reduced their price target for the company from $127.00 to $91.00 in a report on Thursday, October 8th. UBS Group reduced their price objective on shares of SiteOne Landscape Supply from $140.00 to $110.00 and set a “neutral” rating on the stock in a research report on Thursday, July 30th. Truist Financial decreased their price target on shares of SiteOne Landscape Supply from $200.00 to $120.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Finally, Weiss Ratings downgraded SiteOne Landscape Supply from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 18th.

View Our Latest Stock Analysis on SiteOne Landscape Supply

SiteOne Landscape Supply Stock Performance

NYSE SITE opened at $94.84 on Friday. The company has a 50-day simple moving average of $93.69 and a two-hundred day simple moving average of $107.78. SiteOne Landscape Supply has a 12-month low of $82.00 and a 12-month high of $168.56. The firm has a market cap of $4.14 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 1.45 and a beta of 1.38. The company has a quick ratio of 1.01, a current ratio of 2.30 and a debt-to-equity ratio of 0.36.

SiteOne Landscape Supply (NYSE:SITE – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The industrial products company reported $3.14 EPS for the quarter, missing the consensus estimate of $3.36 by ($0.22). SiteOne Landscape Supply had a return on equity of 9.76% and a net margin of 3.41%. The company had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same quarter in the prior year, the firm posted $2.86 EPS. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. On average, equities analysts forecast that SiteOne Landscape Supply will post 3.92 EPS for the current year.

Insider Buying and Selling

In other SiteOne Landscape Supply news, CEO Doug Black acquired 5,000 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were acquired at an average price of $96.13 per share, for a total transaction of $480,650.00. Following the completion of the acquisition, the chief executive officer owned 13,000 shares in the company, valued at $1,249,690. This trade represents a 62.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.10% of the stock is owned by insiders.

Hedge Funds Weigh In On SiteOne Landscape Supply

Large investors have recently made changes to their positions in the business. Wasatch Advisors LP raised its holdings in SiteOne Landscape Supply by 1.6% in the 1st quarter. Wasatch Advisors LP now owns 2,121,524 shares of the industrial products company’s stock worth $282,396,000 after acquiring an additional 33,347 shares during the last quarter. Bamco Inc. NY bought a new position in SiteOne Landscape Supply in the 2nd quarter valued at approximately $232,115,000. BlackRock Inc. purchased a new stake in SiteOne Landscape Supply during the 2nd quarter valued at $221,355,000. Conestoga Capital Advisors LLC boosted its stake in SiteOne Landscape Supply by 2.9% during the 1st quarter. Conestoga Capital Advisors LLC now owns 1,106,701 shares of the industrial products company’s stock valued at $147,313,000 after purchasing an additional 31,684 shares during the last quarter. Finally, Amundi boosted its stake in SiteOne Landscape Supply by 49.0% during the 2nd quarter. Amundi now owns 1,048,747 shares of the industrial products company’s stock valued at $120,043,000 after purchasing an additional 344,980 shares during the last quarter.

SiteOne Landscape Supply Company Profile

(Get Free Report)

SiteOne Landscape Supply, Inc is a wholesale distributor of landscape and outdoor living products serving professional customers across the United States and Canada. The company supplies landscape contractors, landscape designers, irrigation professionals, golf course managers, government agencies and other green-industry businesses through a network of distribution centers and branches.

Its product portfolio includes irrigation and outdoor lighting equipment, nursery products, turf and landscape maintenance supplies, fertilizers and other agronomic products, hardscape materials, outdoor living products, and golf course maintenance supplies.

Further Reading

Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.