SiteOne Landscape Supply (NYSE:SITE) Rating Lowered to “Sell” at StockNews.com

SiteOne Landscape Supply (NYSE:SITE) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Wednesday.

A number of other analysts have also commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of SiteOne Landscape Supply in a research note on Tuesday, April 1st. They set a “hold” rating and a $135.00 price objective for the company. UBS Group lowered their target price on SiteOne Landscape Supply from $185.00 to $182.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Barclays lowered 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. Robert W. Baird decreased 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 upped their price objective on SiteOne Landscape Supply from $129.00 to $136.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, SiteOne Landscape Supply presently has a consensus rating of “Hold” and an average price target of $149.70.

SiteOne Landscape Supply Price Performance

Shares of NYSE SITE opened at $117.07 on Wednesday. The stock has a market cap of $5.26 billion, a P/E ratio of 43.52 and a beta of 1.62. The stock has a 50 day moving average of $121.45 and a two-hundred day moving average of $134.84. 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 has a twelve month low of $101.25 and a twelve month high of $165.97.

SiteOne Landscape Supply (NYSE:SITE) last announced 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%. On average, research analysts forecast that SiteOne Landscape Supply will post 3.61 earnings per share for the current year.

Institutional Trading of SiteOne Landscape Supply

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC boosted its stake in SiteOne Landscape Supply by 71.2% during the third 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 period. Wilmington Savings Fund Society FSB purchased a new stake in SiteOne Landscape Supply in the third quarter valued at about $71,000. Tidal Investments LLC lifted its stake in shares of SiteOne Landscape Supply by 1.5% during the third quarter. Tidal Investments LLC now owns 5,166 shares of the industrial products company’s stock worth $780,000 after buying an additional 77 shares during the period. Synovus Financial Corp increased its holdings in SiteOne Landscape Supply by 12.0% in the 3rd quarter. Synovus Financial Corp now owns 1,954 shares of the industrial products company’s stock worth $295,000 after buying an additional 209 shares during the period. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of SiteOne Landscape Supply in the third quarter worth about $1,099,000.

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.