SiteOne Landscape Supply (NYSE:SITE) Price Target Cut to $126.00 by Analysts at Stifel Nicolaus

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) had its price objective cut by research analysts at Stifel Nicolaus from $145.00 to $126.00 in a research note issued on Monday,Benzinga reports. The firm presently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' target price points to a potential upside of 3.31% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a "hold" rating and a $135.00 target price on the stock. UBS Group reduced their price objective on SiteOne Landscape Supply from $185.00 to $182.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Loop Capital cut their price target on SiteOne Landscape Supply from $150.00 to $125.00 and set a "hold" rating for the company in a research note on Friday, April 4th. Royal Bank of Canada raised 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 report on Thursday, February 13th. Finally, Barclays dropped their price target on shares of SiteOne Landscape Supply from $120.00 to $106.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 8th. 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 company presently has an average rating of "Hold" and an average target price of $145.70.

SiteOne Landscape Supply Stock Performance

SITE traded up $5.05 during trading on Monday, hitting $121.96. 783,805 shares of the company traded hands, compared to its average volume of 417,235. The firm has a market cap of $5.47 billion, a P/E ratio of 45.34 and a beta of 1.62. 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 one year low of $101.25 and a one year high of $161.25. The stock's fifty day moving average is $118.90 and its 200 day moving average is $133.66.

SiteOne Landscape Supply (NYSE:SITE - Get Free Report) last posted its earnings results on Wednesday, April 30th. The industrial products company reported ($0.61) earnings per share for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.11). SiteOne Landscape Supply had a net margin of 2.72% and a return on equity of 7.93%. The company had revenue of $939.40 million for the quarter, compared to analysts' expectations of $933.90 million. During the same period in the previous year, the firm earned ($0.43) EPS. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts predict that SiteOne Landscape Supply will post 3.61 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. HM Payson & Co. bought a new position in shares of SiteOne Landscape Supply during the first quarter valued at approximately $25,000. Golden State Wealth Management LLC lifted its holdings in SiteOne Landscape Supply by 106.1% during the first quarter. Golden State Wealth Management LLC now owns 270 shares of the industrial products company's stock worth $33,000 after buying an additional 139 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 valued at $38,000 after acquiring an additional 250 shares in the last quarter. Tortoise Investment Management LLC increased its holdings in shares of 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 during the period. Finally, Pilgrim Partners Asia Pte Ltd bought a new position in shares of SiteOne Landscape Supply in the 4th quarter worth $40,000.

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.