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

Several analysts recently weighed in on SITE shares. TheStreet upgraded shares of SiteOne Landscape Supply from a “c” rating to a “b-” rating in a report on Thursday, August 9th. SunTrust Banks dropped their target price on shares of SiteOne Landscape Supply to $79.00 and set a “buy” rating for the company in a report on Monday, November 5th. Deutsche Bank dropped their target price on shares of SiteOne Landscape Supply from $90.00 to $81.00 and set a “buy” rating for the company in a report on Thursday, November 1st. Royal Bank of Canada set a $88.00 target price on shares of SiteOne Landscape Supply and gave the company a “buy” rating in a report on Thursday, November 1st. They noted that the move was a valuation call. Finally, Jefferies Financial Group started coverage on shares of SiteOne Landscape Supply in a report on Friday, October 12th. They issued a “buy” rating and a $80.00 target price for the company.

SiteOne Landscape Supply stock opened at $62.91 on Wednesday. SiteOne Landscape Supply has a fifty-two week low of $58.70 and a fifty-two week high of $95.49. The company has a debt-to-equity ratio of 1.90, a current ratio of 2.72 and a quick ratio of 1.29. The company has a market capitalization of $2.72 billion, a P/E ratio of 51.99 and a beta of 1.52.

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

In other SiteOne Landscape Supply news, EVP L Briley Brisendine, Jr. sold 1,600 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $89.05, for a total value of $142,480.00. Following the completion of the transaction, the executive vice president now owns 28,348 shares in the company, valued at $2,524,389.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Doug Black sold 12,000 shares of the business’s stock in a transaction on Wednesday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $864,000.00. Following the completion of the transaction, the chief executive officer now owns 398,228 shares of the company’s stock, valued at approximately $28,672,416. The disclosure for this sale can be found here. In the last 90 days, insiders sold 88,700 shares of company stock valued at $7,310,225. Insiders own 4.40% of the company’s stock.

Several large investors have recently bought and sold shares of SITE. Synovus Financial Corp lifted its position in shares of SiteOne Landscape Supply by 155.6% during the 3rd quarter. Synovus Financial Corp now owns 1,687 shares of the industrial products company’s stock worth $128,000 after purchasing an additional 1,027 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth $257,000. Public Employees Retirement Association of Colorado purchased a new stake in shares of SiteOne Landscape Supply during the 3rd quarter worth $302,000. SG Americas Securities LLC lifted its position in shares of SiteOne Landscape Supply by 87.6% during the 2nd quarter. SG Americas Securities LLC now owns 4,104 shares of the industrial products company’s stock worth $345,000 after purchasing an additional 1,916 shares during the last quarter. Finally, Strs Ohio lifted its position in shares of SiteOne Landscape Supply by 246.2% during the 2nd quarter. Strs Ohio now owns 4,500 shares of the industrial products company’s stock worth $377,000 after purchasing an additional 3,200 shares during the last quarter.

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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