SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Consensus Recommendation of "Hold" from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE - Get Free Report) have been given an average recommendation of "Hold" by the ten analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $145.70.

Several analysts have recently commented on SITE shares. Truist Financial lowered their target price on shares of SiteOne Landscape Supply from $165.00 to $145.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen raised shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Deutsche Bank Aktiengesellschaft initiated coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They issued a "hold" rating and a $135.00 target price for the company. Barclays dropped their price target on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a report on Tuesday, April 8th. Finally, Royal Bank Of Canada cut their price objective on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a research report on Thursday, May 1st.

Institutional Trading of SiteOne Landscape Supply

Large investors have recently bought and sold shares of the company. Voya Investment Management LLC lifted its position in shares of SiteOne Landscape Supply by 34.5% during the 1st quarter. Voya Investment Management LLC now owns 211,650 shares of the industrial products company's stock valued at $25,703,000 after buying an additional 54,231 shares during the last quarter. Rhumbline Advisers raised its stake in SiteOne Landscape Supply by 5.6% in the 1st quarter. Rhumbline Advisers now owns 50,037 shares of the industrial products company's stock valued at $6,076,000 after acquiring an additional 2,635 shares during the period. Strs Ohio purchased a new stake in SiteOne Landscape Supply during the first quarter valued at about $904,000. Acadian Asset Management LLC bought a new position in SiteOne Landscape Supply during the first quarter worth about $251,000. Finally, Jane Street Group LLC bought a new position in SiteOne Landscape Supply during the first quarter worth about $6,797,000.

SiteOne Landscape Supply Stock Up 4.3%

Shares of SITE stock traded up $5.19 during trading hours on Friday, reaching $126.13. The company had a trading volume of 553,006 shares, compared to its average volume of 428,744. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 50.25, a price-to-earnings-growth ratio of 1.98 and a beta of 1.55. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.36 and a quick ratio of 0.97. SiteOne Landscape Supply has a 12 month low of $101.25 and a 12 month high of $160.75. The business has a fifty day simple moving average of $119.78 and a 200-day simple moving average of $126.01.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) EPS for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 7.31%. The company had revenue of $939.40 million during the quarter, compared to analysts' expectations of $933.90 million. During the same period in the previous year, the company posted ($0.43) earnings per share. The company's quarterly revenue was up 3.8% compared to the same quarter last year. On average, research analysts expect that SiteOne Landscape Supply will post 3.61 earnings per share for the current fiscal year.

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.