SunTrust Banks, Inc. Raises SiteOne Landscape Supply, Inc. (SITE) Price Target to $70.00
SiteOne Landscape Supply, Inc. (NYSE:SITE) had its target price raised by SunTrust Banks, Inc. to $70.00 in a research report released on Thursday. The brokerage currently has a buy rating on the industrial products company’s stock.
Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded SiteOne Landscape Supply from a hold rating to a sell rating in a research report on Thursday. Royal Bank Of Canada upped their price objective on SiteOne Landscape Supply from $63.00 to $70.00 and gave the company an outperform rating in a research report on Wednesday, October 4th. Deutsche Bank AG restated a buy rating and issued a $60.00 price objective (up from $55.00) on shares of SiteOne Landscape Supply in a research report on Thursday, August 10th. Finally, BidaskClub upgraded SiteOne Landscape Supply from a buy rating to a strong-buy rating in a research report on Thursday, September 21st. One analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $66.00.
SiteOne Landscape Supply (NYSE:SITE) opened at $66.73 on Thursday. The company has a current ratio of 2.69, a quick ratio of 1.21 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $2,653.71, a price-to-earnings ratio of 61.79 and a beta of 2.31. SiteOne Landscape Supply has a twelve month low of $30.29 and a twelve month high of $66.96.
SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.14). The firm had revenue of $502.40 million for the quarter, compared to analysts’ expectations of $506.28 million. SiteOne Landscape Supply had a return on equity of 26.42% and a net margin of 2.49%. The firm’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 posted $0.36 earnings per share. analysts expect that SiteOne Landscape Supply will post 1.23 EPS for the current fiscal year.
Several large investors have recently modified their holdings of the company. Baillie Gifford & Co. purchased a new stake in shares of SiteOne Landscape Supply in the second quarter valued at $211,293,000. Vanguard Group Inc. lifted its position in SiteOne Landscape Supply by 58.4% during the second quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock worth $136,330,000 after buying an additional 965,336 shares during the period. FMR LLC lifted its position in SiteOne Landscape Supply by 288.4% during 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. lifted its position in SiteOne Landscape Supply by 126.1% during 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. Finally, William Blair Investment Management LLC lifted its position in SiteOne Landscape Supply by 2.9% during the second quarter. William Blair Investment Management LLC now owns 1,595,428 shares of the industrial products company’s stock worth $83,058,000 after buying an additional 44,731 shares during the period.
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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