Press coverage about SiteOne Landscape Supply (NYSE:SITE) has trended somewhat negative recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. SiteOne Landscape Supply earned a news impact score of -0.05 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 43.6597537783929 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- BRIEF-SiteOne Landscape Supply increases number of board directors (markets.businessinsider.com)
- Zacks Investment Research Downgrades SiteOne Landscape Supply, Inc. (SITE) to Sell (americanbankingnews.com)
- SiteOne Landscape Supply, Inc. (SITE) Stock Rating Reaffirmed by Royal Bank Of Canada (americanbankingnews.com)
- SiteOne Landscape Supply, Inc. breached its 50 day moving average in a Bearish Manner : SITE-US : August 11, 2017 (finance.yahoo.com)
Shares of SiteOne Landscape Supply (NYSE:SITE) opened at 49.34 on Friday. SiteOne Landscape Supply has a 52 week low of $26.60 and a 52 week high of $53.87. The stock has a market cap of $1.96 billion, a PE ratio of 46.11 and a beta of 1.87. The firm has a 50-day moving average price of $52.20 and a 200-day moving average price of $47.78.
SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, August 9th. The industrial products company reported $1.07 EPS for the quarter, missing analysts’ consensus estimates of $1.11 by $0.04. SiteOne Landscape Supply had a return on equity of 27.37% and a net margin of 2.46%. The firm had revenue of $608.60 million for the quarter, compared to the consensus estimate of $607.94 million. During the same period in the prior year, the business earned ($3.18) EPS. The company’s quarterly revenue was up 18.5% on a year-over-year basis. On average, analysts forecast that SiteOne Landscape Supply will post $1.31 earnings per share for the current fiscal year.
A number of equities analysts have recently commented on SITE shares. Zacks Investment Research downgraded SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Deutsche Bank AG restated a “buy” rating and set a $60.00 target price (up previously from $55.00) on shares of SiteOne Landscape Supply in a research note on Thursday, August 10th. Royal Bank Of Canada restated a “buy” rating and set a $52.00 target price on shares of SiteOne Landscape Supply in a research note on Monday, May 8th. Finally, Johnson Rice initiated coverage on SiteOne Landscape Supply in a research note on Monday, May 15th. They set an “accumulate” rating for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. SiteOne Landscape Supply presently has a consensus rating of “Hold” and a consensus target price of $54.50.
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In other news, CEO Doug Black bought 6,200 shares of SiteOne Landscape Supply stock in a transaction on Thursday, May 25th. The shares were bought at an average price of $50.76 per share, with a total value of $314,712.00. Following the acquisition, the chief executive officer now directly owns 400,743 shares in the company, valued at approximately $20,341,714.68. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.
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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