SiteOne Landscape Supply (NYSE:SITE) Coverage Initiated at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft initiated coverage on shares of SiteOne Landscape Supply (NYSE:SITE) in a research note issued to investors on Tuesday. The brokerage set a “hold” rating and a $135.00 price target on the industrial products company’s stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 12.46% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Robert W. Baird decreased their target price on SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Royal Bank of Canada upped their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Jefferies Financial Group raised shares of SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. Stifel Nicolaus reiterated a “hold” rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. Finally, StockNews.com upgraded SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research report on Sunday, March 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $152.60.

SiteOne Landscape Supply Price Performance

SiteOne Landscape Supply stock traded down $1.40 during trading hours on Tuesday, reaching $120.04. 11,401 shares of the stock were exchanged, compared to its average volume of 382,147. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31. The company has a market cap of $5.40 billion, a P/E ratio of 44.52 and a beta of 1.69. The stock has a 50 day moving average of $132.81 and a two-hundred day moving average of $139.51. SiteOne Landscape Supply has a twelve month low of $114.60 and a twelve month high of $181.81.

SiteOne Landscape Supply (NYSE:SITE) last released its earnings results on Wednesday, February 12th. The industrial products company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.22). SiteOne Landscape Supply had a return on equity of 7.93% and a net margin of 2.72%. Equities analysts expect that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

Institutional Investors Weigh In On SiteOne Landscape Supply

A number of hedge funds have recently added to or reduced their stakes in SITE. Nomura Asset Management Co. Ltd. lifted its holdings in shares of SiteOne Landscape Supply by 90.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 210 shares of the industrial products company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Trust Co. of Vermont lifted its position in SiteOne Landscape Supply by 657.9% in the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 250 shares in the last quarter. Tortoise Investment Management LLC boosted its position in shares of SiteOne Landscape Supply by 78.9% during the fourth quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock valued at $39,000 after buying an additional 131 shares during the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of SiteOne Landscape Supply in the 4th quarter worth $40,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of SiteOne Landscape Supply by 395.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock worth $45,000 after buying an additional 273 shares in the last quarter.

SiteOne Landscape Supply Company Profile

SiteOne Landscape Supply, Inc, together with its subsidiaries, engages in the wholesale distribution of landscape supplies in the United States and Canada. The company provides irrigation products, including controllers, valves, sprinkler heads, irrigation pipes, micro irrigation, and drip products; fertilizer, grass seed, and ice melt products; control products, such as herbicides, fungicides, rodenticides, and other pesticides; landscape accessories that include mulches, soil amendments, drainage pipes, tools, and sods; nursery goods, which consist of deciduous and evergreen shrubs, ornamental, shade, evergreen trees, field grown and container-grown nursery stock, roses, perennials, annuals, bulbs, and plant species and cultivars; hardscapes, such as pavers, natural stones, blocks, and other durable materials; and outdoor lighting products that include lighting fixtures, LED lamps, wires, transformers, and accessories.