Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Target Price at $145.70

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

A number of analysts have recently commented on the stock. Wall Street Zen upgraded shares of SiteOne Landscape Supply from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. Royal Bank Of Canada lowered their price target on SiteOne Landscape Supply from $136.00 to $130.00 and set a "sector perform" rating on the stock in a report on Thursday, May 1st. Loop Capital lowered their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating on the stock in a report on Friday, April 4th. Stifel Nicolaus cut their price objective on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating for the company in a report on Monday, April 28th. Finally, Barclays reduced their price objective on SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating for the company in a research report on Tuesday, April 8th.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several institutional investors and hedge funds have recently bought and sold shares of the stock. HM Payson & Co. purchased a new stake in SiteOne Landscape Supply in the first quarter worth about $25,000. Brooklyn Investment Group bought a new position in shares of SiteOne Landscape Supply during the 1st quarter valued at approximately $32,000. Golden State Wealth Management LLC grew 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 valued at $33,000 after acquiring an additional 139 shares during the period. Eastern Bank purchased a new stake in SiteOne Landscape Supply in the 1st quarter worth approximately $38,000. Finally, Tortoise Investment Management LLC raised its stake in SiteOne Landscape Supply by 78.9% during the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after acquiring an additional 131 shares during the period.

SiteOne Landscape Supply Stock Down 0.7%

Shares of SiteOne Landscape Supply stock traded down $0.85 on Friday, reaching $120.34. The company's stock had a trading volume of 541,542 shares, compared to its average volume of 428,174. SiteOne Landscape Supply has a 52 week low of $101.25 and a 52 week high of $160.75. The firm's fifty day simple moving average is $119.15 and its two-hundred day simple moving average is $126.62. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $5.39 billion, a price-to-earnings ratio of 47.95, a P/E/G ratio of 1.99 and a beta of 1.56.

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

About SiteOne Landscape Supply

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.