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.
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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.
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