SiteOne Landscape Supply, Inc. (NYSE:SITE) had its price target raised by SunTrust Banks, Inc. to $70.00 in a report issued on Thursday morning. The firm currently has a buy rating on the industrial products company’s stock.

Other research analysts have also recently issued reports about the company. Royal Bank Of Canada reaffirmed a buy rating and set a $63.00 price objective on shares of SiteOne Landscape Supply in a research report on Monday, September 18th. BidaskClub raised SiteOne Landscape Supply from a hold rating to a buy rating in a research report on Friday, September 8th. Deutsche Bank AG reaffirmed a buy rating and set a $60.00 price objective (up from $55.00) on shares of SiteOne Landscape Supply in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut SiteOne Landscape Supply from a hold rating to a sell rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. SiteOne Landscape Supply currently has an average rating of Buy and an average price target of $66.00.

SiteOne Landscape Supply (NYSE:SITE) traded up $3.22 during mid-day trading on Thursday, hitting $66.73. The stock had a trading volume of 623,600 shares, compared to its average volume of 321,653. The company has a quick ratio of 1.06, a current ratio of 2.69 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $2,653.72, a PE ratio of 61.79 and a beta of 2.31. SiteOne Landscape Supply has a 52 week low of $30.29 and a 52 week high of $66.96.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.14). The firm had revenue of $502.40 million for the quarter, compared to analyst estimates of $506.28 million. SiteOne Landscape Supply had a return on equity of 26.42% and a net margin of 2.49%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.36 earnings per share. sell-side analysts anticipate that SiteOne Landscape Supply will post 1.23 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in SiteOne Landscape Supply by 312.3% during the third quarter. Wells Fargo & Company MN now owns 1,366,395 shares of the industrial products company’s stock valued at $79,387,000 after purchasing an additional 1,034,971 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in SiteOne Landscape Supply during the third quarter valued at approximately $7,753,000. Legal & General Group Plc boosted its position in SiteOne Landscape Supply by 67.1% during the third quarter. Legal & General Group Plc now owns 13,653 shares of the industrial products company’s stock valued at $792,000 after purchasing an additional 5,481 shares during the last quarter. TD Asset Management Inc. boosted its position in SiteOne Landscape Supply by 45.7% during the third quarter. TD Asset Management Inc. now owns 30,600 shares of the industrial products company’s stock valued at $1,778,000 after purchasing an additional 9,600 shares during the last quarter. Finally, American International Group Inc. boosted its position in SiteOne Landscape Supply by 8.1% during the third quarter. American International Group Inc. now owns 22,766 shares of the industrial products company’s stock valued at $1,323,000 after purchasing an additional 1,702 shares during the last quarter.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.

Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

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