SiteOne Landscape Supply Inc (SITE) Receives $78.38 Average PT from Analysts

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Shares of SiteOne Landscape Supply Inc (NYSE:SITE) have received a consensus rating of “Buy” from the twelve research firms that are presently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $78.38.

SITE has been the topic of a number of recent research reports. TheStreet upgraded shares of SiteOne Landscape Supply from a “c” rating to a “b-” rating in a research note on Thursday, August 9th. SunTrust Banks dropped their price objective on shares of SiteOne Landscape Supply to $79.00 and set a “buy” rating on the stock in a research note on Monday, November 5th. Deutsche Bank dropped their price objective on shares of SiteOne Landscape Supply from $90.00 to $81.00 and set a “buy” rating on the stock in a research note on Thursday, November 1st. Royal Bank of Canada set a $88.00 price target on shares of SiteOne Landscape Supply and gave the stock a “buy” rating in a research note on Thursday, November 1st. They noted that the move was a valuation call. Finally, Jefferies Financial Group began coverage on shares of SiteOne Landscape Supply in a research note on Friday, October 12th. They set a “buy” rating and a $80.00 price target on the stock.

In other SiteOne Landscape Supply news, EVP Pascal Convers sold 9,750 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $88.43, for a total transaction of $862,192.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP L Briley Brisendine, Jr. sold 1,600 shares of the company’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $89.05, for a total transaction of $142,480.00. Following the transaction, the executive vice president now owns 28,348 shares in the company, valued at $2,524,389.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 88,700 shares of company stock worth $7,310,225. Company insiders own 4.40% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Janus Henderson Group PLC grew its position in SiteOne Landscape Supply by 4,105.4% during the second quarter. Janus Henderson Group PLC now owns 108,961 shares of the industrial products company’s stock worth $9,149,000 after buying an additional 106,370 shares during the period. Artisan Partners Limited Partnership grew its position in SiteOne Landscape Supply by 42.2% during the second quarter. Artisan Partners Limited Partnership now owns 219,710 shares of the industrial products company’s stock worth $18,449,000 after buying an additional 65,150 shares during the period. Sandhill Capital Partners LLC grew its position in SiteOne Landscape Supply by 1.5% during the second quarter. Sandhill Capital Partners LLC now owns 362,744 shares of the industrial products company’s stock worth $30,460,000 after buying an additional 5,478 shares during the period. BlackRock Inc. grew its position in SiteOne Landscape Supply by 29.0% during the second quarter. BlackRock Inc. now owns 2,882,470 shares of the industrial products company’s stock worth $242,041,000 after buying an additional 648,424 shares during the period. Finally, KAMES CAPITAL plc acquired a new position in SiteOne Landscape Supply during the third quarter worth about $18,672,000.

NYSE SITE opened at $62.91 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 1.29 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $2.72 billion, a price-to-earnings ratio of 51.99 and a beta of 1.52. SiteOne Landscape Supply has a one year low of $58.70 and a one year high of $95.49.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, October 31st. The industrial products company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.02). The business had revenue of $578.50 million during the quarter, compared to analyst estimates of $590.23 million. SiteOne Landscape Supply had a net margin of 3.90% and a return on equity of 31.11%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Equities analysts anticipate that SiteOne Landscape Supply will post 1.97 earnings per share for the current year.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, through its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; nursery goods outdoor lighting; and ice melt products, as well as hardscapes, including pavers, natural stones, and blocks; turf protection products; grass seed; and turf care equipment and golf course maintenance supplies, as well as value-added consultative services to its customers.

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Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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