What’s in SiteOne Landscape Supply, Inc. (SITE) After Touching 52-Week High?

June 16, 2018 - By Clifton Ray

The stock of SiteOne Landscape Supply, Inc. (NYSE:SITE) hit a new 52-week high and has $97.76 target or 8.00 % above today’s $90.52 share price. The 7 months bullish chart indicates low risk for the $3.64 billion company. The 1-year high was reported on Jun, 16 by Barchart.com. If the $97.76 price target is reached, the company will be worth $291.12M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.70% or $0.63 during the last trading session, reaching $90.52. About 459,221 shares traded or 43.71% up from the average. SiteOne Landscape Supply, Inc. (NYSE:SITE) has risen 43.85% since June 16, 2017 and is uptrending. It has outperformed by 31.28% the S&P500.

Analysts await SiteOne Landscape Supply, Inc. (NYSE:SITE) to report earnings on August, 8. They expect $1.52 EPS, up 42.06 % or $0.45 from last year’s $1.07 per share. SITE’s profit will be $61.11M for 14.89 P/E if the $1.52 EPS becomes a reality. After $-0.43 actual EPS reported by SiteOne Landscape Supply, Inc. for the previous quarter, Wall Street now forecasts -453.49 % EPS growth.

More notable recent SiteOne Landscape Supply, Inc. (NYSE:SITE) news were published by: Businesswire.com which released: “Landscaper’s Choice Wholesale Nursery and Supply Joins Forces with SiteOne Landscape Supply” on May 21, 2018, also Businesswire.com with their article: “SiteOne Landscape Supply to Participate in the Deutsche Bank Global Industrials and Materials Summit” published on May 30, 2018, Nasdaq.com published: “Factors of Influence in 2018, Key Indicators and Opportunity within Companhia Brasileira de Distribuicao, SiteOne …” on June 15, 2018. More interesting news about SiteOne Landscape Supply, Inc. (NYSE:SITE) were released by: Businesswire.com and their article: “Auto-Rain Supply Joins Forces with SiteOne Landscape Supply” published on June 04, 2018 as well as Fool.com‘s news article titled: “3 Stocks the World’s Best Investors Are Buying Right Now” with publication date: June 14, 2018.

SiteOne Landscape Supply, Inc., through its subsidiaries, distributes landscape supplies in the United States and Canada. The company has market cap of $3.64 billion. It provides irrigation supplies; fertilizer and control products, such as herbicides; landscape accessories; turf protection products; grass seed; turf care equipment and golf course maintenance supplies; and nursery goods, as well as hardscapes, including pavers, natural stones, and blocks; outdoor lighting; and ice melt products, as well as related value-added consultative services to its customers. It has a 70.17 P/E ratio. The firm markets its products primarily to residential and commercial landscape professionals who specialize in the design, installation, and maintenance of lawns, gardens, golf courses, and other outdoor spaces through branch network and direct distribution.

SiteOne Landscape Supply, Inc. (NYSE:SITE) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: