SiteOne Landscape Supply Inc (NYSE:SITE) has been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $74.33.
SITE has been the subject of a number of research reports. Zacks Investment Research upgraded shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. UBS Group cut shares of SiteOne Landscape Supply from a “neutral” rating to a “sell” rating and set a $72.00 target price for the company. in a research note on Monday, January 22nd. They noted that the move was a valuation call. Barclays set a $65.00 target price on shares of SiteOne Landscape Supply and gave the stock a “hold” rating in a research note on Monday, January 8th. William Blair upgraded shares of SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a research note on Friday, January 26th. Finally, SunTrust Banks raised their target price on shares of SiteOne Landscape Supply to $70.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th.
In related news, Director Michael J. Grebe bought 718 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was bought at an average price of $69.31 per share, for a total transaction of $49,764.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Ross Anker sold 6,080 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $77.19, for a total transaction of $469,315.20. Following the transaction, the executive vice president now directly owns 34,040 shares in the company, valued at $2,627,547.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,760 shares of company stock valued at $1,018,538. 4.00% of the stock is currently owned by corporate insiders.
Shares of SiteOne Landscape Supply (SITE) traded up $1.20 during mid-day trading on Friday, reaching $73.34. 350,639 shares of the company’s stock were exchanged, compared to its average volume of 300,405. The firm has a market capitalization of $2,857.79, a PE ratio of 55.98 and a beta of 1.87. The company has a current ratio of 2.92, a quick ratio of 1.21 and a debt-to-equity ratio of 2.19. SiteOne Landscape Supply has a 12-month low of $39.25 and a 12-month high of $80.56.
SiteOne Landscape Supply (NYSE:SITE) last announced its quarterly earnings results on Tuesday, February 20th. The industrial products company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.05. The firm had revenue of $415.70 million during the quarter, compared to analysts’ expectations of $410.38 million. SiteOne Landscape Supply had a net margin of 2.93% and a return on equity of 27.59%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter last year, the company posted ($0.14) earnings per share. research analysts expect that SiteOne Landscape Supply will post 1.9 EPS for the current fiscal year.
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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