Deutsche Bank Aktiengesellschaft Begins Coverage on SiteOne Landscape Supply (NYSE:SITE)

Equities research analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of SiteOne Landscape Supply (NYSE:SITE) in a research note issued to investors on Tuesday, Marketbeat reports. 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 indicate a potential upside of 10.27% from the stock’s current price.

A number of other analysts have also recently weighed in on SITE. Robert W. Baird cut their price target on 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. Jefferies Financial Group upgraded SiteOne Landscape Supply from a “hold” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $175.00 in a research note on Friday, December 6th. UBS Group lowered their price target on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a report on Thursday, February 13th. StockNews.com raised shares of SiteOne Landscape Supply from a “sell” rating to a “hold” rating in a report on Sunday, March 16th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $140.00 target price (down previously from $145.00) on shares of SiteOne Landscape Supply in a report on Monday, February 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $152.60.

SiteOne Landscape Supply Stock Performance

Shares of SiteOne Landscape Supply stock opened at $122.43 on Tuesday. The business has a 50-day simple moving average of $131.80 and a 200-day simple moving average of $139.24. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.16 and a current ratio of 2.53. SiteOne Landscape Supply has a one year low of $114.60 and a one year high of $181.81. The company has a market cap of $5.51 billion, a PE ratio of 45.51 and a beta of 1.69.

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

Hedge Funds Weigh In On SiteOne Landscape Supply

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. lifted its stake 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 acquiring an additional 100 shares during the period. Trust Co. of Vermont raised its holdings in SiteOne Landscape Supply by 657.9% during the fourth quarter. Trust Co. of Vermont now owns 288 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Tortoise Investment Management LLC lifted its position 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 purchasing an additional 131 shares during the period. Pilgrim Partners Asia Pte Ltd purchased a new stake in SiteOne Landscape Supply in the 4th quarter valued at approximately $40,000. Finally, Brown Brothers Harriman & Co. increased its position in 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 worth $45,000 after purchasing an additional 273 shares during the period.

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.