SiteOne Landscape Supply Inc (SITE) Receives Average Recommendation of “Buy” from Brokerages

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.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in SiteOne Landscape Supply by 58.4% in the second quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock worth $136,330,000 after purchasing an additional 965,336 shares during the last quarter. FMR LLC raised its stake in shares of SiteOne Landscape Supply by 288.4% in the second quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock worth $105,056,000 after buying an additional 1,498,436 shares during the period. BlackRock Inc. raised its stake in shares of SiteOne Landscape Supply by 126.1% in the second quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock worth $104,833,000 after buying an additional 1,123,148 shares during the period. Bamco Inc. NY raised its stake in shares of SiteOne Landscape Supply by 11.2% in the third quarter. Bamco Inc. NY now owns 1,720,722 shares of the industrial products company’s stock worth $99,974,000 after buying an additional 172,650 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of SiteOne Landscape Supply by 2.1% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,532,262 shares of the industrial products company’s stock worth $89,024,000 after buying an additional 32,160 shares during the period.

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.

COPYRIGHT VIOLATION WARNING: This report was originally published by Markets Daily and is the property of of Markets Daily. If you are reading this report on another site, it was illegally copied and republished in violation of international copyright and trademark legislation. The correct version of this report can be read at https://www.themarketsdaily.com/2018/01/11/siteone-landscape-supply-inc-site-receives-average-recommendation-of-buy-from-brokerages.html.

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 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.

Latest News

Leave a Reply