The Scotts Miracle-Gro Company’s (SMG) stock has grown from its $19 IPO (initial public offering) in 1992 to $95.90 in December 2016. The company, with $5.7 billion in market capitalization, is followed by several analysts on Wall Street. Upgrades and downgrades by these analysts can affect a stock (XLB) like any other. Let’s look at how SMG has tracked analysts’ price target over the years.
Tracking the target
In the chart above, we see that Scotts Miracle-Gro’s stock has met analysts’ price target over the years. However, we see that the company’s stock price has been above the analysts’ price target, which may indicate that the market was more optimistic than analysts. More recently, the stock price and analysts’ price target have moved more closely.
The current price target stands at $97.30, which is a 1.4% upside from the price of $96 on December 26. Central Garden & Pet (CENT), which is trading at $33.70, has a price target of $31.50. Spectrum Brands (SPB) has a price target of $143 and is trading at $121, while Home Depot (HD) is trading at $135 against the price target of $147. For more information on peers’ price targets, you can visit our Agricultural Fertilizers page.