SiteOne Landscape Supply Inc (SITE) stock hits $125.16: Is it a good time to buy or wait for a dip?

SiteOne Landscape Supply Inc [SITE] stock is trading at $125.16, up 0.82%. An important factor to consider is whether the stock is rising or falling in short-term value. The SITE shares have gain 0.55% over the last week, with a monthly amount drifted -8.52%, and not seem to be holding up well over a long-time horizon.

From an analyst’s perspective:

SiteOne Landscape Supply Inc [NYSE: SITE] stock has seen the most recent analyst activity on December 06, 2024, when Jefferies upgraded its rating to a Buy and also boosted its price target to $175 from $145. Previously, Goldman started tracking the stock with Neutral rating on October 10, 2024, and set its price target to $158. On August 01, 2024, downgrade downgraded it’s rating to Hold but maintained its price target of $150 on the stock. Stifel upgraded its rating to a Buy and decreased its price target to $165 on May 02, 2024. Loop Capital downgraded its rating to a Hold. Stifel downgraded its rating to Hold for this stock on December 19, 2023, and upped its price target to $167. In a note dated December 08, 2023, Deutsche Bank downgraded an Sell rating on this stock and revised its target price from $123 to $120.

SiteOne Landscape Supply Inc [SITE] stock has fluctuated between $114.60 and $188.01 over the past year. Currently, Wall Street analysts expect the stock to reach $154 within the next 12 months. SiteOne Landscape Supply Inc [NYSE: SITE] shares were valued at $125.16 at the most recent close of the market. An investor can expect a potential return of 23.04% based on the average SITE price forecast.

Analyzing the SITE fundamentals

SiteOne Landscape Supply Inc [NYSE:SITE] reported sales of 4.54B for the trailing twelve months, which represents a growth of 4.98%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.08 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.6.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 122.52 points at the first support level, and at 119.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 126.53, and for the 2nd resistance point, it is at 127.91.

Ratios To Look Out For

For context, SiteOne Landscape Supply Inc’s Current Ratio is 2.42. On the other hand, the Quick Ratio is 1.13, and the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 3.57 and price to earnings (TTM) ratio is 46.33.

Transactions by insiders

Recent insider trading involved BLACK DOUG, CEO, that happened on Feb 26 ’25 when 7386.0 shares were sold. Officer, BLACK DOUG completed a deal on Feb 26 ’25 to buy 7386.0 shares. Meanwhile, EVP, Human Resources Ketter Joseph sold 6500.0 shares on Nov 21 ’24.

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