Assessing SiteOne Landscape Supply: Insights From 5 Financial Analysts

Ratings for SiteOne Landscape Supply SITE were provided by 5 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

In the assessment of 12-month price targets, analysts unveil insights for SiteOne Landscape Supply, presenting an average target of $155.4, a high estimate of $175.00, and a low estimate of $129.00. A 6.83% drop is evident in the current average compared to the previous average price target of $166.80.

Analyzing Analyst Ratings: A Detailed Breakdown

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.

Key Insights:

• Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to SiteOne Landscape Supply. This information provides a snapshot of how analysts perceive 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: Analysts predict movements in price targets, offering estimates for SiteOne Landscape Supply's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

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.

Discovering SiteOne Landscape Supply: A Closer Look

SiteOne Landscape Supply Inc is a supplier 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.

Financial Milestones: SiteOne Landscape Supply's Journey

Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.

Revenue Growth: SiteOne Landscape Supply's remarkable performance in 3 months is evident. As of 31 March, 2024, the company achieved an impressive revenue growth rate of 8.05%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Industrials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: SiteOne Landscape Supply's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -2.13%, 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 -1.3%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): SiteOne Landscape Supply's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.66%, the company may face hurdles in achieving optimal financial returns.

Debt Management: SiteOne Landscape Supply's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.64.

Understanding the Relevance of Analyst Ratings

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

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.

If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.

This article was generated by Benzinga's automated content engine and reviewed by an editor.