SiteOne Landscape Supply Inc (SITE) Receives $68.50 Average Price Target from Brokerages
SiteOne Landscape Supply Inc (NYSE:SITE) has been assigned a consensus recommendation of “Buy” from the ten analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $68.50.
A number of research firms recently issued reports on SITE. Zacks Investment Research raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. Barclays raised their target price on shares of SiteOne Landscape Supply from $48.00 to $56.00 and gave the company an “equal weight” rating in a research note on Thursday, November 9th. William Blair raised shares of SiteOne Landscape Supply from a “market perform” rating to an “outperform” rating in a research note on Friday, January 26th. Robert W. Baird raised their target price on shares of SiteOne Landscape Supply from $58.00 to $74.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. Finally, SunTrust Banks raised their target price on shares of SiteOne Landscape Supply to $70.00 and gave the company a “buy” rating in a research note on Thursday, November 9th.
In related news, CFO John T. Guthrie sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $70.91, for a total transaction of $1,418,200.00. Following the completion of the sale, the chief financial officer now owns 57,854 shares of the company’s stock, valued at $4,102,427.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ross Anker sold 41,824 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $69.09, for a total transaction of $2,889,620.16. Following the sale, the executive vice president now directly owns 88,881 shares of the company’s stock, valued at approximately $6,140,788.29. The disclosure for this sale can be found here. Insiders have sold 100,967 shares of company stock valued at $7,138,256 in the last ninety days. Insiders own 4.00% of the company’s stock.
SiteOne Landscape Supply (SITE) traded down $0.41 during trading on Monday, hitting $72.68. 61,059 shares of the stock were exchanged, compared to its average volume of 288,264. SiteOne Landscape Supply has a one year low of $37.75 and a one year high of $79.51. The stock has a market capitalization of $2,895.10, a price-to-earnings ratio of 67.29 and a beta of 1.42. The company has a current ratio of 2.69, a quick ratio of 1.21 and a debt-to-equity ratio of 2.35.
SiteOne Landscape Supply (NYSE:SITE) last released its quarterly earnings results on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.14). SiteOne Landscape Supply had a return on equity of 26.42% and a net margin of 2.49%. The company had revenue of $502.40 million during the quarter, compared to the consensus estimate of $506.28 million. During the same period in the previous year, the company earned $0.36 earnings per share. SiteOne Landscape Supply’s quarterly revenue was up 13.0% on a year-over-year basis. sell-side analysts anticipate that SiteOne Landscape Supply will post 1.39 earnings per share for the current year.
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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.
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