SiteOne Landscape Supply (SITE) PT Raised to $110.00

SiteOne Landscape Supply (NYSE:SITE) had its price objective increased by research analysts at Royal Bank of Canada to $110.00 in a note issued to investors on Wednesday. The firm currently has a “positive” rating on the industrial products company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 31.37% from the company’s current price.

Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of SiteOne Landscape Supply from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 1st. ValuEngine upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. Finally, Deutsche Bank upped their price target on shares of SiteOne Landscape Supply from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Friday, May 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. SiteOne Landscape Supply currently has an average rating of “Buy” and an average price target of $82.00.

Shares of SiteOne Landscape Supply opened at $83.73 on Wednesday, according to MarketBeat. SiteOne Landscape Supply has a 52 week low of $48.19 and a 52 week high of $95.49. The stock has a market capitalization of $3.53 billion, a P/E ratio of 69.20 and a beta of 1.49. The company has a current ratio of 2.48, a quick ratio of 0.99 and a debt-to-equity ratio of 2.89.

SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Wednesday, May 2nd. The industrial products company reported ($0.43) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.29) by ($0.14). SiteOne Landscape Supply had a net margin of 2.53% and a return on equity of 22.27%. The company had revenue of $371.40 million during the quarter, compared to analyst estimates of $374.41 million. During the same quarter last year, the company posted ($0.26) EPS. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. equities analysts expect that SiteOne Landscape Supply will post 1.99 earnings per share for the current year.

In other SiteOne Landscape Supply news, EVP Pascal Convers sold 30,000 shares of the business’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $80.73, for a total value of $2,421,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Doug Black sold 12,000 shares of the business’s stock in a transaction dated Wednesday, June 20th. The shares were sold at an average price of $91.99, for a total transaction of $1,103,880.00. Following the completion of the sale, the chief executive officer now directly owns 403,228 shares of the company’s stock, valued at approximately $37,092,943.72. The disclosure for this sale can be found here. Insiders sold a total of 95,501 shares of company stock valued at $7,865,013 in the last three months. Insiders own 4.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC boosted its holdings in SiteOne Landscape Supply by 20.5% in the 4th quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 4,580 shares of the industrial products company’s stock valued at $349,000 after purchasing an additional 780 shares during the period. FDx Advisors Inc. lifted its holdings in shares of SiteOne Landscape Supply by 10.0% during the 1st quarter. FDx Advisors Inc. now owns 8,743 shares of the industrial products company’s stock worth $674,000 after acquiring an additional 792 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of SiteOne Landscape Supply by 5.7% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 16,461 shares of the industrial products company’s stock worth $1,268,000 after acquiring an additional 887 shares during the period. BB&T Securities LLC lifted its holdings in shares of SiteOne Landscape Supply by 5.2% during the 1st quarter. BB&T Securities LLC now owns 17,951 shares of the industrial products company’s stock worth $1,382,000 after acquiring an additional 892 shares during the period. Finally, Citigroup Inc. lifted its holdings in shares of SiteOne Landscape Supply by 9.5% during the 1st quarter. Citigroup Inc. now owns 12,891 shares of the industrial products company’s stock worth $993,000 after acquiring an additional 1,122 shares during the period.

About SiteOne Landscape Supply

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.

Analyst Recommendations for SiteOne Landscape Supply (NYSE:SITE)

Receive News & Ratings for SiteOne Landscape Supply Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiteOne Landscape Supply and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply