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SMG’s 12-Month Price Target and Analysts’ Recommendations

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Analysts’ consensus

Until now, we’ve covered estimates for Scotts Miracle-Gro Company (SMG) for 2017 and compared its forward valuation multiple with those of its peers. 

Let’s look at analysts’ recommendations and price targets for SMG for the next 12 months.

Analysts’ recommendations

Of the ten analysts surveyed by Reuters, five have “strong buy” to “buy” recommendations, four have “hold” recommendations, and one has a “sell” recommendation on Scotts Miracle-Gro for the next 12 months.

Price targets

On December 5, 2016, Scotts Miracle-Gro closed at $91.1 per share. According to the ten analysts surveyed by Reuters, the median price target for Scotts Miracle-Gro over the next 12 months stands at $92, ~1% higher than its current market price.

Let’s take a look at SMG’s peers. Analysts have a price target of $144 on Spectrum Brands Holdings (SPB), which would mean a 21.8% upside from the company’s current price. 
 
In contrast, analysts’ consensus price target of $98.8 on Agrium (AGU) is 3.7% lower than its current market price. PotashCorp (POT), one of the largest fertilizer producers in the world (SOIL), has a price target of $17, 7.7% lower than its current market price.
 
For weekly updates, visit Market Realist’s Fertilizer Prices page.

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