SiteOne Landscape Supply, Inc. (NYSE:SITE)‘s stock had its “buy” rating reissued by equities research analysts at Deutsche Bank AG in a research note issued on Thursday. They currently have a $60.00 target price on the industrial products company’s stock, up from their prior target price of $55.00. Deutsche Bank AG’s price objective indicates a potential upside of 17.72% from the stock’s current price.

Several other research analysts have also recently commented on the company. Johnson Rice assumed coverage on SiteOne Landscape Supply in a research report on Monday, May 15th. They set an “accumulate” rating for the company. Royal Bank Of Canada reissued a “buy” rating and set a $52.00 price target on shares of SiteOne Landscape Supply in a research report on Monday, May 8th. Finally, Zacks Investment Research cut SiteOne Landscape Supply from a “buy” rating to a “hold” rating in a research report on Friday, April 21st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $51.75.

Shares of SiteOne Landscape Supply (NYSE SITE) traded down 2.56% during midday trading on Thursday, hitting $50.97. The stock had a trading volume of 440,304 shares. The company’s market capitalization is $2.02 billion. The firm’s 50-day moving average is $52.38 and its 200 day moving average is $47.20. SiteOne Landscape Supply has a one year low of $26.60 and a one year high of $53.87.

SiteOne Landscape Supply (NYSE:SITE) last issued its quarterly earnings results on Wednesday, August 9th. The industrial products company reported $1.07 EPS for the quarter, missing the consensus estimate of $1.11 by $0.04. SiteOne Landscape Supply had a net margin of 1.55% and a return on equity of 22.88%. The company had revenue of $608.60 million for the quarter, compared to analyst estimates of $607.94 million. During the same period last year, the company posted ($3.18) earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. Equities analysts expect that SiteOne Landscape Supply will post $1.40 earnings per share for the current fiscal year.

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In related news, CEO Doug Black purchased 6,200 shares of SiteOne Landscape Supply stock in a transaction that occurred on Thursday, May 25th. The stock was purchased at an average cost of $50.76 per share, with a total value of $314,712.00. Following the completion of the transaction, the chief executive officer now owns 400,743 shares of the company’s stock, valued at approximately $20,341,714.68. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.00% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in SiteOne Landscape Supply by 9.2% in the fourth quarter. State Street Corp now owns 186,643 shares of the industrial products company’s stock valued at $6,481,000 after buying an additional 15,648 shares in the last quarter. FMR LLC acquired a new stake in SiteOne Landscape Supply during the fourth quarter valued at about $1,598,000. UBS Asset Management Americas Inc. acquired a new stake in SiteOne Landscape Supply during the fourth quarter valued at about $219,000. Teachers Advisors LLC raised its stake in SiteOne Landscape Supply by 3.9% in the fourth quarter. Teachers Advisors LLC now owns 18,882 shares of the industrial products company’s stock valued at $656,000 after buying an additional 711 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in SiteOne Landscape Supply during the first quarter valued at about $1,589,000. Hedge funds and other institutional investors own 89.72% of the company’s stock.

About SiteOne Landscape Supply

SiteOne Landscape Supply, Inc is a national wholesale distributor of landscape supplies in the United States and Canada. The Company is a supplier of irrigation, landscape lighting, hardscapes, lawn care supplies, nursery stock, and landscape accessories to green industry professionals. As of October 2, 2016, the Company had over 450 stores.

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