Analysts Set SiteOne Landscape Supply, Inc. (NYSE:SITE) Target Price at $154.56

SiteOne Landscape Supply, Inc. (NYSE:SITE) has earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $154.56.

Several equities research analysts have recently issued reports on SITE shares. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and increased their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. UBS Group reduced their price target on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. Royal Bank of Canada upped their price target on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Stifel Nicolaus restated a “hold” rating and set a $140.00 price target (down previously from $145.00) on shares of SiteOne Landscape Supply in a research report on Monday, February 10th. Finally, StockNews.com downgraded shares of SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a research report on Thursday, February 13th.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SITE. Nomura Asset Management Co. Ltd. boosted its position in SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock valued at $32,000 after buying an additional 100 shares during the period. Blue Trust Inc. boosted its position in SiteOne Landscape Supply by 287.7% in the 3rd quarter. Blue Trust Inc. now owns 252 shares of the industrial products company’s stock valued at $38,000 after buying an additional 187 shares during the period. Trust Co. of Vermont raised its holdings 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 valued at $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC raised its holdings 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 valued at $39,000 after purchasing an additional 131 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of SiteOne Landscape Supply in the 4th quarter valued at $40,000.

SiteOne Landscape Supply Price Performance

NYSE:SITE opened at $132.58 on Friday. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. The firm has a market cap of $5.96 billion, a price-to-earnings ratio of 49.28 and a beta of 1.57. The firm’s fifty day moving average is $137.34 and its two-hundred day moving average is $141.65.

SiteOne Landscape Supply (NYSE:SITE) last posted its quarterly earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) EPS for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. Research analysts expect that SiteOne Landscape Supply will post 3.61 EPS 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.