SiteOne Landscape Supply (NYSE:SITE) Now Covered by Deutsche Bank Aktiengesellschaft

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

Several other research analysts also recently commented on SITE. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and raised their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a research note on Sunday, March 16th. Robert W. Baird lowered their target price 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. 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 report on Monday, February 10th. Finally, UBS Group lowered their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $152.60.

SiteOne Landscape Supply Stock Performance

Shares of NYSE SITE traded down $1.40 during midday trading on Tuesday, hitting $120.04. The company’s stock had a trading volume of 11,401 shares, compared to its average volume of 382,147. The firm has a market capitalization of $5.40 billion, a price-to-earnings ratio of 44.52 and a beta of 1.69. 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 stock has a fifty day moving average price of $132.81 and a 200 day moving average price of $139.51. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $181.81.

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

Institutional Trading of SiteOne Landscape Supply

Several hedge funds have recently added to or reduced their stakes in SITE. Nomura Asset Management Co. Ltd. grew its position 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 buying an additional 100 shares during the last quarter. Trust Co. of Vermont lifted its stake in SiteOne Landscape Supply by 657.9% in the fourth 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 period. Tortoise Investment Management LLC boosted its holdings in SiteOne Landscape Supply by 78.9% in the fourth 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 SiteOne Landscape Supply in the 4th quarter worth $40,000. Finally, Brown Brothers Harriman & Co. boosted its stake 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 valued at $45,000 after purchasing an additional 273 shares in the last quarter.

About SiteOne Landscape Supply

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.