StockNews.com cut shares of SiteOne Landscape Supply (NYSE:SITE - Free Report) from a hold rating to a sell rating in a report published on Saturday morning.
Several other brokerages have also weighed in on SITE. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and upped their price objective for the company from $145.00 to $175.00 in a report on Friday, December 6th. Stifel Nicolaus reissued a "hold" rating and issued a $140.00 price target (down from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. UBS Group lowered their price objective on shares of SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Robert W. Baird cut their target price on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Finally, Royal Bank of Canada lifted their price target 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $154.56.
Check Out Our Latest Research Report on SiteOne Landscape Supply
SiteOne Landscape Supply Price Performance
SITE traded up $3.63 on Friday, reaching $128.79. The company had a trading volume of 633,364 shares, compared to its average volume of 370,405. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $188.01. The company has a market capitalization of $5.79 billion, a P/E ratio of 47.88 and a beta of 1.69. The company has a fifty day moving average of $135.79 and a 200-day moving average of $141.06. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.31.
SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The industrial products company reported ($0.48) 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%. As a group, equities research analysts anticipate that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.
Institutional Trading of SiteOne Landscape Supply
Several large investors have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. boosted its position in shares of SiteOne Landscape Supply by 90.9% in the third 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 period. Trust Co. of Vermont boosted its position 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 period. Tortoise Investment Management LLC grew its stake in SiteOne Landscape Supply by 78.9% during 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 acquired a new position in shares of SiteOne Landscape Supply in the 4th quarter valued at about $40,000. Finally, Brown Brothers Harriman & Co. lifted its position in shares of SiteOne Landscape Supply by 395.7% in 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
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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.
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