SiteOne Landscape Supply (NYSE:SITE) Price Target Cut to $125.00 by Analysts at Loop Capital

SiteOne Landscape Supply (NYSE:SITE) had its target price cut by Loop Capital from $150.00 to $125.00 in a research report report published on Friday morning,Benzinga reports. They currently have a hold rating on the industrial products company’s stock.

Several other brokerages have also issued reports on SITE. Stifel Nicolaus restated a “hold” rating and set a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a research note on Monday, February 10th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $175.00 in a research report on Friday, December 6th. Robert W. Baird decreased their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Royal Bank of Canada increased their price objective on shares of SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research report on Tuesday, April 1st. They set a “hold” rating and a $135.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $151.10.

SiteOne Landscape Supply Trading Down 2.8 %

Shares of SITE stock opened at $111.25 on Friday. The business’s 50 day moving average is $130.44 and its two-hundred day moving average is $138.74. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. SiteOne Landscape Supply has a 12 month low of $106.24 and a 12 month high of $181.81. The company has a market cap of $5.00 billion, a PE ratio of 41.36 and a beta of 1.62.

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 analysts’ consensus estimates 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 predict that SiteOne Landscape Supply will post 3.61 EPS for the current year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Several institutional investors have recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. grew its holdings in shares of SiteOne Landscape Supply by 90.9% during the third 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 during the last quarter. Trust Co. of Vermont grew its holdings in SiteOne Landscape Supply by 657.9% during the 4th quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 250 shares during the last quarter. Tortoise Investment Management LLC increased its position in SiteOne Landscape Supply by 78.9% in the 4th quarter. Tortoise Investment Management LLC now owns 297 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 131 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new position in shares of SiteOne Landscape Supply in the fourth quarter worth about $40,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of SiteOne Landscape Supply by 395.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 342 shares of the industrial products company’s stock worth $45,000 after purchasing 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.