The Scotts Miracle-Gro Company (SMG) closed at $83.4 on June 9, which was 12.8% lower YTD (year-to-date). The stock has underperformed the S&P 500 Index (SPY) thus far. Unlike Monsanto (MON), FMC (FMC), and PotashCorp (POT), SMG primarily serves the retail market with products such as lawn and grass seeds, gardening and landscape, and crop protection products. Recently, the company forayed into the indoor lighting space to take advantage of the opportunity from marijuana legalization in some US states. Read The Scotts Miracle-Gro Company: What’s Its Secret? to learn more.
As the above chart shows, month-over-month, analysts’ recommendation for Scotts Miracle-Gro remains unchanged. Out of the ten analysts surveyed by Reuters, two analysts had a “strong buy” recommendation on the stock, while three analysts had a “buy” recommendation on the stock for the next 12 months. Five analysts maintained a “hold” recommendation on the stock for the next 12 months.
The current consensus price target for The Scotts Miracle-Gro Company stands at a peak of $100.8. Compared to the June 9 closing price of $83.4, the current price target provides a 20.9% upside on the stock in the next-12-month period.
Next, we’ll discuss recommendations and price targets for Sociedad Química y Minera de Chile (SQM).