SiteOne Landscape Supply (NYSE:SITE) Raised to Hold at StockNews.com

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) was upgraded by equities researchers at StockNews.com from a "sell" rating to a "hold" rating in a research note issued to investors on Thursday.

Other analysts have also issued research reports about the company. Deutsche Bank Aktiengesellschaft began coverage on SiteOne Landscape Supply in a report on Tuesday, April 1st. They set a "hold" rating and a $135.00 price target on the stock. Stifel Nicolaus decreased their price target on SiteOne Landscape Supply from $145.00 to $126.00 and set a "hold" rating on the stock in a report on Monday. Robert W. Baird decreased their price target on SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Loop Capital decreased 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. Finally, Royal Bank of Canada increased their target price on SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a "sector perform" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, SiteOne Landscape Supply has an average rating of "Hold" and a consensus price target of $148.30.

SiteOne Landscape Supply Trading Up 0.8 %

SITE stock opened at $115.00 on Thursday. SiteOne Landscape Supply has a 1-year low of $101.25 and a 1-year high of $161.25. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.53 and a quick ratio of 1.16. The company has a market capitalization of $5.17 billion, a price-to-earnings ratio of 42.75 and a beta of 1.62. The business has a 50 day simple moving average of $119.41 and a two-hundred day simple moving average of $134.03.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by ($0.11). The firm had revenue of $939.40 million for the quarter, compared to analysts' expectations of $933.90 million. SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. The firm's revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned ($0.43) earnings per share. Research analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. purchased a new stake in shares of SiteOne Landscape Supply in the 1st quarter worth approximately $25,000. Golden State Wealth Management LLC lifted its position in shares of SiteOne Landscape Supply by 106.1% in the 1st quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company's stock worth $33,000 after purchasing an additional 139 shares during the period. Trust Co. of Vermont lifted its position in shares of SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company's stock worth $38,000 after purchasing an additional 250 shares during the period. Tortoise Investment Management LLC lifted its position in shares of SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company's stock worth $39,000 after purchasing an additional 131 shares during the period. Finally, Pilgrim Partners Asia Pte Ltd purchased a new stake in SiteOne Landscape Supply during the fourth quarter valued at approximately $40,000.

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.

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