Shares of SiteOne Landscape Supply Inc (NYSE:SITE) have been given a consensus rating of “Buy” by the nine research firms that are currently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $67.50.
Several equities research analysts recently commented on the company. Barclays set a $65.00 price objective on SiteOne Landscape Supply and gave the company a “hold” rating in a research report on Monday. Zacks Investment Research raised SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Wednesday. UBS Group increased their price objective on SiteOne Landscape Supply from $54.00 to $66.00 and gave the company a “buy” rating in a research report on Friday, November 10th. Robert W. Baird increased their price objective on SiteOne Landscape Supply from $58.00 to $74.00 and gave the company an “outperform” rating in a research report on Thursday, November 9th. Finally, SunTrust Banks increased their price objective on SiteOne Landscape Supply to $70.00 and gave the company a “buy” rating in a research report on Thursday, November 9th.
In other SiteOne Landscape Supply news, EVP Ross Anker sold 41,824 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $69.09, for a total value of $2,889,620.16. Following the transaction, the executive vice president now directly owns 88,881 shares of the company’s stock, valued at $6,140,788.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John T. Guthrie sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $70.91, for a total value of $1,418,200.00. Following the completion of the transaction, the chief financial officer now directly owns 57,854 shares in the company, valued at $4,102,427.14. The disclosure for this sale can be found here. Insiders have sold 94,887 shares of company stock worth $6,704,265 over the last ninety days. 4.00% of the stock is currently owned by insiders.
Shares of SiteOne Landscape Supply (NYSE SITE) opened at $70.90 on Thursday. SiteOne Landscape Supply has a 12 month low of $35.68 and a 12 month high of $77.40. The company has a market capitalization of $2,820.00 and a price-to-earnings ratio of 66.26. The company has a quick ratio of 1.21, a current ratio of 2.69 and a debt-to-equity ratio of 2.35.
SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings data on Wednesday, November 8th. The industrial products company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.14). SiteOne Landscape Supply had a net margin of 3.36% and a return on equity of 34.53%. The business had revenue of $502.40 million for the quarter, compared to analysts’ expectations of $506.28 million. During the same period last year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 13.0% on a year-over-year basis. equities research analysts anticipate that SiteOne Landscape Supply will post 1.23 EPS for the current year.
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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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