SiteOne Landscape Supply, Inc. (NYSE:SITE) had its price objective increased by UBS AG from $54.00 to $66.00 in a report issued on Friday morning, www.benzinga.com reports. The brokerage currently has a buy rating on the industrial products company’s stock.

Several other equities analysts have also issued reports on the company. Royal Bank Of Canada increased their target price on SiteOne Landscape Supply from $63.00 to $70.00 and gave the stock an outperform rating in a research note on Wednesday, October 4th. BidaskClub raised SiteOne Landscape Supply from a hold rating to a buy rating in a research report on Friday, September 8th. Deutsche Bank AG reaffirmed a buy rating and issued a $60.00 price target (up previously from $55.00) on shares of SiteOne Landscape Supply in a research report on Thursday, August 10th. SunTrust Banks, Inc. increased their price target on SiteOne Landscape Supply to $70.00 and gave the company a buy rating in a research report on Thursday, November 9th. Finally, Zacks Investment Research lowered SiteOne Landscape Supply from a hold rating to a sell rating in a research report on Thursday, November 9th. One research analyst has 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 stock. The company has an average rating of Buy and a consensus price target of $66.00.

SiteOne Landscape Supply (NYSE:SITE) traded up $1.91 on Friday, reaching $68.64. The company had a trading volume of 468,900 shares, compared to its average volume of 432,159. SiteOne Landscape Supply has a 1 year low of $30.87 and a 1 year high of $68.93. 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 cap of $2,730.00 and a price-to-earnings ratio of 61.79.

SiteOne Landscape Supply (NYSE:SITE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $502.40 million for the quarter, compared to analyst estimates of $506.28 million. During the same period in the previous year, the company posted $0.36 EPS. SiteOne Landscape Supply’s revenue was up 13.0% on a year-over-year basis. research analysts anticipate that SiteOne Landscape Supply will post 1.23 earnings per share for the current year.

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A number of hedge funds have recently bought and sold shares of the business. Baillie Gifford & Co. purchased a new position in shares of SiteOne Landscape Supply in the 2nd quarter valued at about $211,293,000. Vanguard Group Inc. increased its holdings in shares of SiteOne Landscape Supply by 58.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,618,729 shares of the industrial products company’s stock valued at $136,330,000 after acquiring an additional 965,336 shares during the last quarter. FMR LLC increased its holdings in shares of SiteOne Landscape Supply by 288.4% in the 2nd quarter. FMR LLC now owns 2,017,984 shares of the industrial products company’s stock valued at $105,056,000 after acquiring an additional 1,498,436 shares during the last quarter. BlackRock Inc. increased its holdings in shares of SiteOne Landscape Supply by 126.1% in the 2nd quarter. BlackRock Inc. now owns 2,013,656 shares of the industrial products company’s stock valued at $104,833,000 after acquiring an additional 1,123,148 shares during the last quarter. Finally, William Blair Investment Management LLC increased its holdings in shares of SiteOne Landscape Supply by 2.9% in the 2nd quarter. William Blair Investment Management LLC now owns 1,595,428 shares of the industrial products company’s stock valued at $83,058,000 after acquiring an additional 44,731 shares during the last quarter.

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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