SiteOne Landscape Supply Inc (NYSE:SITE) has earned an average recommendation of “Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $66.00.

Several brokerages have recently commented on SITE. UBS upped their price objective on shares of SiteOne Landscape Supply from $54.00 to $66.00 and gave the stock a “buy” rating in a report on Friday, November 10th. BidaskClub upgraded shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Royal Bank of Canada restated a “buy” rating and issued a $63.00 price objective on shares of SiteOne Landscape Supply in a report on Monday, September 18th. Robert W. Baird upped their price objective on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the stock an “outperform” rating in a report on Thursday, November 9th. Finally, Barclays upped their price objective on shares of SiteOne Landscape Supply from $48.00 to $56.00 and gave the stock an “equal weight” rating in a report on Thursday, November 9th.

SiteOne Landscape Supply (NYSE:SITE) traded down $0.18 during trading hours on Friday, reaching $72.13. 114,200 shares of the company’s stock traded hands, compared to its average volume of 422,447. The company has a quick ratio of 1.21, a current ratio of 2.69 and a debt-to-equity ratio of 2.35. The firm has a market cap of $2,910.00 and a price-to-earnings ratio of 66.95. SiteOne Landscape Supply has a 12 month low of $34.24 and a 12 month high of $75.66.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.14). The firm had revenue of $502.40 million during the quarter, compared to analyst estimates of $506.28 million. SiteOne Landscape Supply had a net margin of 2.49% and a return on equity of 26.42%. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.36 earnings per share. sell-side analysts anticipate that SiteOne Landscape Supply will post 1.23 EPS for the current year.

In other SiteOne Landscape Supply news, VP Joseph Ketter sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $71.67, for a total transaction of $179,175.00. Following the sale, the vice president now directly owns 7,716 shares in the company, valued at approximately $553,005.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Pascal Convers sold 9,750 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $74.25, for a total transaction of $723,937.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 94,887 shares of company stock worth $6,704,265. 4.00% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in the business. Stifel Financial Corp grew its position in shares of SiteOne Landscape Supply by 0.7% in the 2nd quarter. Stifel Financial Corp now owns 21,869 shares of the industrial products company’s stock valued at $1,138,000 after buying an additional 160 shares during the last quarter. Suntrust Banks Inc. grew its position in shares of SiteOne Landscape Supply by 9.8% in the 2nd quarter. Suntrust Banks Inc. now owns 6,658 shares of the industrial products company’s stock valued at $345,000 after buying an additional 592 shares during the last quarter. Teachers Advisors LLC grew its position in shares of SiteOne Landscape Supply by 3.4% in the 1st quarter. Teachers Advisors LLC now owns 19,515 shares of the industrial products company’s stock valued at $945,000 after buying an additional 633 shares during the last quarter. BB&T Securities LLC grew its position in shares of SiteOne Landscape Supply by 8.8% in the 3rd quarter. BB&T Securities LLC now owns 15,304 shares of the industrial products company’s stock valued at $889,000 after buying an additional 1,234 shares during the last quarter. Finally, Montag A & Associates Inc. grew its position in shares of SiteOne Landscape Supply by 3.6% in the 2nd quarter. Montag A & Associates Inc. now owns 42,715 shares of the industrial products company’s stock valued at $2,224,000 after buying an additional 1,500 shares during the last quarter.

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SiteOne Landscape Supply Company Profile

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)

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