UBS AG Increases SiteOne Landscape Supply, Inc. (SITE) Price Target to $66.00

SiteOne Landscape Supply, Inc. (NYSE:SITE) had its target price boosted by equities researchers at UBS AG from $54.00 to $66.00 in a report issued on Friday. The firm presently has a “buy” rating on the industrial products company’s stock. UBS AG’s price target indicates a potential downside of 1.09% from the stock’s previous close.

A number of other brokerages also recently issued reports on SITE. Barclays PLC boosted their price objective on SiteOne Landscape Supply from $48.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday. Robert W. Baird boosted their price target on SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday. SunTrust Banks, Inc. boosted their price target on SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research cut SiteOne Landscape Supply from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Royal Bank Of Canada boosted their price target on SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $66.00.

SiteOne Landscape Supply (SITE) opened at $66.73 on Friday. The stock has a market capitalization of $2,653.72, a P/E ratio of 61.79 and a beta of 2.31. The company has a debt-to-equity ratio of 2.35, a quick ratio of 1.06 and a current ratio of 2.69. 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 announced its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.14). The company had revenue of $502.40 million for the quarter, compared to the consensus estimate of $506.28 million. SiteOne Landscape Supply had a net margin of 2.49% and a return on equity of 26.42%. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.36 earnings per share. research analysts predict that SiteOne Landscape Supply will post 1.23 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This story was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this story on another domain, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.themarketsdaily.com/2017/11/12/ubs-ag-increases-siteone-landscape-supply-inc-site-price-target-to-66-00.html.

A number of large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. purchased a new stake in SiteOne Landscape Supply during the 2nd quarter valued at $211,293,000. Vanguard Group Inc. raised its holdings in SiteOne Landscape Supply by 58.4% during the 2nd quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock valued at $136,330,000 after buying an additional 965,336 shares during the period. FMR LLC raised its holdings in SiteOne Landscape Supply by 288.4% during the 2nd quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after buying an additional 1,498,436 shares during the period. BlackRock Inc. raised its holdings in SiteOne Landscape Supply by 126.1% during the 2nd quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock valued at $104,833,000 after buying an additional 1,123,148 shares during the period. Finally, William Blair Investment Management LLC raised its holdings in SiteOne Landscape Supply by 2.9% during the 2nd quarter. William Blair Investment Management LLC now owns 1,595,428 shares of the industrial products company’s stock valued at $83,058,000 after buying an additional 44,731 shares during the period.

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)

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

Latest News

Leave a Reply