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

SiteOne Landscape Supply (NYSE:SITE - Free Report) had its price objective decreased by Loop Capital from $150.00 to $125.00 in a research note released on Friday morning,Benzinga reports. Loop Capital currently has a hold rating on the industrial products company's stock.

Several other brokerages also recently issued reports on SITE. Royal Bank of Canada raised their price target on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Jefferies Financial Group upgraded SiteOne Landscape Supply from a "hold" rating to a "buy" rating and upped their price target for the stock from $145.00 to $175.00 in a report on Friday, December 6th. 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 reduced their price target on shares of SiteOne Landscape Supply from $183.00 to $175.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They issued a "hold" rating and a $135.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $149.70.

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SiteOne Landscape Supply Price Performance

SITE traded up $9.26 during trading on Friday, reaching $114.05. The stock had a trading volume of 1,054,481 shares, compared to its average volume of 397,614. The stock has a 50 day moving average of $128.09 and a two-hundred day moving average of $137.88. The company has a quick ratio of 1.16, a current ratio of 2.53 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $5.13 billion, a price-to-earnings ratio of 42.40 and a beta of 1.62. SiteOne Landscape Supply has a 1-year low of $101.92 and a 1-year high of $175.72.

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 return on equity of 7.93% and a net margin of 2.72%. As a group, equities analysts anticipate that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

Hedge Funds Weigh In On SiteOne Landscape Supply

Institutional investors have recently made changes to their positions in the company. Barclays PLC boosted its holdings in SiteOne Landscape Supply by 71.2% in the 3rd quarter. Barclays PLC now owns 48,398 shares of the industrial products company's stock worth $7,304,000 after buying an additional 20,134 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of SiteOne Landscape Supply by 36.5% in the 3rd quarter. Janus Henderson Group PLC now owns 49,784 shares of the industrial products company's stock worth $7,512,000 after acquiring an additional 13,314 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of SiteOne Landscape Supply by 5.8% in the third quarter. JPMorgan Chase & Co. now owns 528,873 shares of the industrial products company's stock valued at $79,812,000 after buying an additional 29,025 shares in the last quarter. US Bancorp DE grew its position in SiteOne Landscape Supply by 10.5% in the 4th quarter. US Bancorp DE now owns 6,717 shares of the industrial products company's stock valued at $885,000 after acquiring an additional 638 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in SiteOne Landscape Supply by 149.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 9,805 shares of the industrial products company's stock worth $1,480,000 after purchasing an additional 5,877 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.