SiteOne Landscape Supply, Inc. (NYSE:SITE) Receives Consensus Rating of “Hold” from Analysts

Shares of SiteOne Landscape Supply, Inc. (NYSE:SITE) have earned a consensus rating of “Hold” from the thirteen ratings firms that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $150.10.

A number of research analysts recently weighed in on the stock. The Goldman Sachs Group dropped their price objective on shares of SiteOne Landscape Supply from $158.00 to $138.00 and set a “neutral” rating for the company in a report on Monday, October 13th. Weiss Ratings reissued a “hold (c-)” rating on shares of SiteOne Landscape Supply in a research note on Wednesday, January 21st. Royal Bank Of Canada upgraded SiteOne Landscape Supply from a “sector perform” rating to an “outperform” rating and set a $151.00 price target on the stock in a report on Thursday, January 8th. Zacks Research cut SiteOne Landscape Supply from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 21st. Finally, Barclays set a $134.00 target price on shares of SiteOne Landscape Supply and gave the stock an “equal weight” rating in a research note on Monday, December 8th.

SiteOne Landscape Supply Trading Up 1.3%

SITE opened at $150.00 on Friday. SiteOne Landscape Supply has a 52 week low of $101.25 and a 52 week high of $154.00. The company has a quick ratio of 1.14, a current ratio of 2.49 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $136.10 and a 200-day simple moving average of $133.81. The firm has a market cap of $6.68 billion, a P/E ratio of 48.70, a P/E/G ratio of 1.58 and a beta of 1.59.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its stake in shares of SiteOne Landscape Supply by 29.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,864 shares of the industrial products company’s stock worth $232,000 after purchasing an additional 426 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in SiteOne Landscape Supply by 4,869.2% during the 4th quarter. Global Retirement Partners LLC now owns 646 shares of the industrial products company’s stock worth $80,000 after buying an additional 633 shares during the last quarter. Summit Creek Advisors LLC lifted its holdings in SiteOne Landscape Supply by 22.1% during the 4th quarter. Summit Creek Advisors LLC now owns 73,442 shares of the industrial products company’s stock worth $9,148,000 after buying an additional 13,312 shares during the last quarter. IFP Advisors Inc boosted its position in shares of SiteOne Landscape Supply by 106.8% during the 4th quarter. IFP Advisors Inc now owns 306 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 158 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its holdings in shares of SiteOne Landscape Supply by 52.8% in the 4th quarter. Handelsbanken Fonder AB now owns 370,537 shares of the industrial products company’s stock valued at $46,154,000 after acquiring an additional 128,100 shares during the last quarter.

About SiteOne Landscape Supply

SiteOne Landscape Supply is a leading distributor of landscape supplies and irrigation equipment in North America. The company serves a broad range of customers, including independent landscapers, lawn and garden retailers, municipalities and other commercial landscape professionals. Its product portfolio spans irrigation and lighting controls, pipes and fittings, fertilizers and soils, lighting fixtures, hardscapes, outdoor lighting systems and related installation accessories.

In addition to core product lines, SiteOne offers agronomic services designed to optimize turf and plant health, as well as online tools and training resources to help customers plan, specify and manage projects more efficiently.