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SiteOne Landscape Supply (NYSE:SITE) underwent analysis by 7 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 0 | 2 | 2 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 1 | 1 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 2 | 0 | 1 | 1 | 0 |
Analysts have recently evaluated SiteOne Landscape Supply and provided 12-month price targets. The average target is $148.43, accompanied by a high estimate of $170.00 and a low estimate of $121.00. A 4.13% drop is evident in the current average compared to the previous average price target of $154.83.
Decoding Analyst Ratings: A Detailed Look
The perception of SiteOne Landscape Supply by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| W. Andrew Carter | Stifel | Announces | Hold | $167.00 | - |
| Matthew Bouley | Barclays | Raises | Underweight | $121.00 | $114.00 |
| Keith Hughes | Truist Securities | Raises | Buy | $170.00 | $158.00 |
| Keith Hughes | Truist Securities | Lowers | Buy | $158.00 | $187.00 |
| Mike Dahl | RBC Capital | Lowers | Sector Perform | $131.00 | $141.00 |
| W. Andrew Carter | Stifel | Lowers | Buy | $153.00 | $185.00 |
| Matthew Bouley | Barclays | Lowers | Underweight | $139.00 | $144.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SiteOne Landscape Supply. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of SiteOne Landscape Supply compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of SiteOne Landscape Supply's stock. This analysis reveals shifts in analysts' expectations over time.
To gain a panoramic view of SiteOne Landscape Supply's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on SiteOne Landscape Supply analyst ratings.
Get to Know SiteOne Landscape Supply Better
SiteOne Landscape Supply Inc is one of the largest suppliers of tools and equipment. The company serves various businesses which include wholesale irrigation, outdoor lighting, nursery, landscape supplies, grass seeds, and fertilizers, turf protection products, turf care equipment, and golf course accessories for green industry professionals mainly in the United States and Canada. Its product portfolio includes irrigation supplies, fertilizer and herbicides, landscape accessories, nursery goods, natural stones and blocks, outdoor lighting and ice melt products and other products.
Key Indicators: SiteOne Landscape Supply's Financial Health
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: SiteOne Landscape Supply's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 3.85%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: SiteOne Landscape Supply's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 5.0%, the company may face hurdles in effective cost management.
Return on Equity (ROE): SiteOne Landscape Supply's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.91%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): SiteOne Landscape Supply's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.96% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.61.
Understanding the Relevance of Analyst Ratings
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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